O-I Glass Inc (OI)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.47 | 5.73 | 5.18 | 5.00 | 5.74 | 5.62 | 6.00 | 6.06 | 7.29 | 7.73 | 7.82 | 7.14 | 7.14 | 7.12 | 7.25 | 6.91 | 6.85 | 7.48 | 5.91 | 5.82 | |
| DOH | days | 56.45 | 63.65 | 70.49 | 72.98 | 63.58 | 64.93 | 60.79 | 60.25 | 50.04 | 47.24 | 46.66 | 51.10 | 51.09 | 51.24 | 50.34 | 52.86 | 53.26 | 48.78 | 61.75 | 62.68 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.47
= 56.45
The Days of Inventory on Hand (DOH) ratio for O-I Glass Inc has shown some fluctuations over the years based on the provided data. The DOH measures the average number of days a company holds its inventory before selling it.
Between March 31, 2020, and June 30, 2022, O-I Glass Inc managed to reduce its DOH from 62.68 days to 46.66 days, indicating an improvement in inventory management efficiency. However, there was a slight increase in DOH to 50.04 days by December 31, 2022.
From March 31, 2023, to June 30, 2024, O-I Glass Inc experienced a notable increase in DOH from 60.25 days to 70.49 days, reflecting a longer period of inventory holding. This increase in DOH could suggest potential challenges in managing inventory levels efficiently during this period.
Overall, O-I Glass Inc's DOH trend indicates variations in inventory management efficiency over the years, and it may be beneficial for the company to closely monitor and optimize its inventory levels to ensure effective working capital management and cost control.