Ovintiv Inc (OVV)

Days of inventory on hand (DOH)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Inventory turnover — — — 492.67 146.65
DOH days — — — 0.74 2.49

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The days of inventory on hand (DOH) for Ovintiv Inc decreased from 2.49 days on December 31, 2020, to 0.74 days on December 31, 2021. This suggests an improvement in inventory management efficiency as the company is holding less inventory relative to its daily sales. However, the data beyond 2021 is not available, so it is unclear how this trend has evolved further. It is important for Ovintiv to monitor and manage its inventory levels effectively to optimize working capital and maintain a balance between supply and demand.