Oceaneering International Inc (OII)

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		9.76	8.91	9.19	9.56	9.66	9.24	8.94	9.20	9.54	10.13	9.71	10.01	10.45	12.39	12.39	11.90	11.78	12.56	11.87	11.86
DOH	days	37.39	40.95	39.73	38.19	37.80	39.52	40.84	39.69	38.26	36.02	37.59	36.45	34.94	29.45	29.46	30.66	30.98	29.05	30.75	30.77

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.76
= 37.39

The days of inventory on hand (DOH) for Oceaneering International Inc have shown some fluctuations over the reporting periods from March 31, 2020 to December 31, 2024.

The average DOH for Oceaneering International Inc during this period was approximately 35 days. It is important to note that a lower DOH is generally preferred as it indicates that the company is able to sell its inventory more quickly.

There are certain periods where the DOH decreased, such as in September 2020, January 2021, and June 2021. This could signify efficient inventory management or possibly higher sales volumes during those quarters.

However, there are other periods like December 2021, March 2022, and September 2024 where the DOH increased significantly. A higher DOH may indicate excess inventory, slow-moving inventory, or challenges in selling products, which could tie up capital and lead to potential obsolescence risks.

Overall, it would be beneficial for Oceaneering International Inc to closely monitor its inventory levels and aim to strike a balance between ensuring product availability for customers and minimizing the risk of excess or obsolete inventory.