Ovintiv Inc (OVV)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | 123.11 | 291.48 | 200.00 | |
| DOH | days | — | — | 2.96 | 1.25 | 1.82 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) for Ovintiv Inc are not provided in the table for the years ending at December 31, 2019 to December 31, 2023. The DOH ratio is essential for evaluating how efficiently the company manages its inventory. A lower DOH indicates that inventory is moving faster, which can be beneficial in terms of reducing holding costs and potential obsolescence. On the other hand, a higher DOH may suggest inefficiencies in inventory management or potential issues with sales and production forecasting. Without the specific DOH values for Ovintiv Inc, it is challenging to assess how effectively the company is managing its inventory over the years covered in the table.
Peer comparison
Dec 31, 2023