Oceaneering International Inc (OII)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 9.76 | 9.66 | 9.54 | 10.45 | 11.78 | |
| DOH | days | 37.39 | 37.80 | 38.26 | 34.94 | 30.98 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.76
= 37.39
Oceaneering International Inc's days of inventory on hand (DOH) has shown a consistent increase over the years, from 30.98 days as of December 31, 2020, to 34.94 days by December 31, 2021, further increasing to 38.26 days by December 31, 2022. However, it slightly decreased to 37.80 days by December 31, 2023, and then further to 37.39 days by December 31, 2024.
The increasing trend in DOH indicates that Oceaneering International Inc may be taking longer to sell its inventory, which could tie up more capital in stock and potentially increase storage costs. It is important for the company to monitor and manage its inventory levels efficiently to avoid overstocking or having obsolete inventory. Further analysis of the reasons behind the fluctuations in DOH could provide insights into the company's inventory management practices and overall operational performance.
Peer comparison
Dec 31, 2024