Par Pacific Holdings Inc (PARR)

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		6.89	7.37	6.52	6.93	5.90	5.48	4.98	6.90	6.21	6.62	4.75	4.77	5.61	6.28	5.57	4.69	7.07	7.19	9.89	15.77
DOH	days	52.94	49.50	55.95	52.66	61.86	66.61	73.28	52.89	58.73	55.14	76.87	76.59	65.08	58.13	65.55	77.78	51.65	50.76	36.91	23.14

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.89
= 52.94

The Days of Inventory on Hand (DOH) metric for Par Pacific Holdings Inc has shown some fluctuations over the periods presented.

From March 31, 2020, to September 30, 2020, there was a steady increase in the DOH from 23.14 days to 50.76 days, indicating a potential buildup of inventory levels. This trend continued through the end of December 31, 2020, reaching 51.65 days.

Subsequently, there was a significant spike in DOH to 77.78 days by the end of March 31, 2021, suggesting a potential excess of inventory relative to sales demand. The metric then fluctuated in the following quarters but generally remained elevated, reflecting possible challenges in managing inventory levels effectively.

By September 30, 2022, the DOH decreased to 55.14 days, indicating a potential improvement in inventory management efficiency. However, this was followed by some volatility in the metric before showing a decreasing trend towards December 31, 2024.

Overall, the management of inventory levels at Par Pacific Holdings Inc has shown some variability over the periods analyzed, with periods of excessive inventory followed by potential adjustments to optimize inventory holding. Continued monitoring of the DOH metric will be essential to ensure the effective management of inventory and operational efficiency within the company.