ONEOK Inc (OKE)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 17.80 | 18.67 | 41.46 | 28.65 | 22.43 | |
| DOH | days | 20.51 | 19.55 | 8.80 | 12.74 | 16.27 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 17.80
= 20.51
The days of inventory on hand (DOH) for ONEOK Inc have shown varying trends over the past five years.
In December 2020, the company held inventory for about 16.27 days before selling it. This decreased to 12.74 days by December 2021, indicating more effective inventory management. The trend continued positively in 2022, with DOH further dropping to 8.80 days, signaling potentially improved inventory turnover efficiency.
However, in December 2023, there was a notable increase in DOH to 19.55 days, which might suggest challenges in managing inventory levels or changes in demand patterns. This increase was further observed in December 2024, with DOH rising to 20.51 days, which could potentially tie up more capital in inventory and impact liquidity.
Overall, monitoring the DOH trend is crucial for ONEOK Inc to ensure efficient inventory management, minimize holding costs, and adapt to changing market conditions.
Peer comparison
Dec 31, 2024