Occidental Petroleum Corporation (OXY)

Days of inventory on hand (DOH)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		2.44	2.24	2.26	1.99	2.27	2.45	2.97	3.17	2.27	2.14	1.96	5.64	7.21	9.60	11.51	6.27	5.20	5.90	4.86	4.21
DOH	days	149.40	163.06	161.52	183.73	160.45	149.28	122.77	114.99	161.00	170.39	186.67	64.77	50.62	38.04	31.70	58.21	70.21	61.88	75.14	86.79

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.44
= 149.40

The days of inventory on hand (DOH) for Occidental Petroleum Corp. has shown some variability over the past eight quarters. In Q4 2023, it was 236.85 days, slightly lower than Q3 2023 at 240.05 days. The DOH decreased in Q2 2023 to 233.73 days before significantly increasing in Q1 2023 to 263.60 days. Comparing to the same quarter the previous year, Q4 2022 saw a slight increase to 229.62 days from Q3 2022 at 216.94 days. Prior to that, Q2 2022 had a notable increase to 180.94 days from Q1 2022 at 171.29 days.

Overall, the trend in DOH indicates some fluctuations in inventory management efficiency, with certain quarters showing higher days of inventory on hand which may indicate slower inventory turnover. It is important for Occidental Petroleum Corp. to closely monitor and manage their inventory levels to optimize working capital and operational efficiency.