O-I Glass Inc (OI)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 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 | 5.88 | 6.52 | 6.40 | 6.10 | |
| DOH | days | 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 | 62.09 | 55.95 | 57.02 | 59.82 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.74
= 63.58
The days of inventory on hand (DOH) for O-I Glass Inc fluctuated over the past few years. In the most recent quarter, the DOH was 63.58 days, indicating that the company holds inventory for approximately 63.58 days before selling it. This was slightly higher compared to the previous quarter's DOH of 64.93 days.
Looking at the trend over the past few years, it appears that the DOH has been relatively stable, with some variations quarter over quarter. The lowest DOH was observed at 46.66 days in the second quarter of 2022, while the highest was recorded at 64.93 days in the third quarter of 2023.
A higher DOH can imply that the company is facing challenges in managing its inventory efficiently, which could lead to increased carrying costs and potential obsolescence risks. On the other hand, a lower DOH may suggest that the company is effectively managing its inventory to meet customer demand without holding excess stock.
It is important for O-I Glass Inc to monitor and analyze its DOH consistently to optimize inventory levels and improve overall operational efficiency. By doing so, the company can enhance its working capital management, reduce costs, and potentially improve its financial performance in the long run.