Par Pacific Holdings Inc (PARR)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		6.64	5.68	6.21	5.61	7.07
DOH	days	54.97	64.31	58.73	65.08	51.65

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.64
= 54.97

The days of inventory on hand (DOH) for Par Pacific Holdings Inc has shown variation over the years.

- As of December 31, 2020, the company had an inventory turnover cycle of 51.65 days, indicating that on average it took around 51.65 days to sell its inventory.
- By December 31, 2021, the DOH increased to 65.08 days, suggesting that inventory was held longer before being sold compared to the previous year.
- The DOH decreased to 58.73 days by December 31, 2022, potentially signaling improvements in inventory management efficiency.
- However, by December 31, 2023, the DOH rose again to 64.31 days, indicating a longer inventory turnover cycle.
- The most recent data available as of December 31, 2024, shows a DOH of 54.97 days, indicating a decrease in the time taken to sell inventory compared to the previous year.

Overall, the analysis of Par Pacific Holdings Inc's days of inventory on hand over the years suggests fluctuations in inventory management efficiency, with periods of both improvement and deterioration. Further investigation into the reasons behind these fluctuations could provide insights into the company's operational performance and inventory management strategies.