Occidental Petroleum Corporation (OXY)

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		8.20	7.69	5.07	6.80	7.36	7.53	9.14	8.19	9.22	9.74	11.82	12.90	9.81	9.77	9.13	7.39	8.68	10.45	11.88	11.48
DOH	days	44.52	47.47	71.98	53.68	49.59	48.45	39.95	44.55	39.58	37.49	30.87	28.29	37.21	37.34	39.98	49.36	42.07	34.93	30.73	31.79

December 31, 2024 calculation

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

The Days of Inventory on Hand (DOH) for Occidental Petroleum Corporation has shown some fluctuations over the reporting periods from March 31, 2020, to December 31, 2024.

The trend indicates a general increase in the DOH from March 31, 2020, to June 30, 2021, peaking at 49.36 days, which might suggest inventory management challenges or slower sales turnover during that period.

Subsequently, there was a slight decrease observed in DOH from June 30, 2021, to March 31, 2022, possibly indicating a more efficient management of inventory during that time.

There was another increase in DOH from June 30, 2023, to June 30, 2024, notably peaking at 71.98 days on June 30, 2024. This could imply potential issues related to inventory turnover or build-up during that period.

Overall, fluctuations in the DOH metric for Occidental Petroleum Corporation suggest the need for continuous monitoring and analysis of inventory management practices to ensure optimal efficiency in handling and selling inventory.