Occidental Petroleum Corporation (OXY)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		8.20	8.98	9.22	9.81	8.73
DOH	days	44.52	40.67	39.58	37.21	41.82

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.20
= 44.52

Based on the data provided for Occidental Petroleum Corporation's Days of Inventory on Hand (DOH) over the last five years, we observe a fluctuating trend in the efficiency of managing inventory levels.

In 2020, the company held inventory for an average of 41.82 days, which decreased to 37.21 days by the end of 2021, indicating a positive trend in inventory turnover efficiency. However, from 2021 to 2022, there was a slight increase in DOH to 39.58 days, suggesting a potential slowing down of inventory turnover.

By the end of 2023, the DOH increased further to 40.67 days, indicating a continued challenge in efficiently managing inventory levels. The trend continued in 2024, with the DOH reaching the highest point at 44.52 days, signaling a potential issue with excess inventory or slower inventory turnover.

Overall, Occidental Petroleum Corporation experienced some fluctuation in its inventory management efficiency over the five-year period, with a general trend of increasing days of inventory on hand. This may warrant further investigation into the company's inventory management practices to optimize working capital and operational efficiency.