PBF Energy Inc (PBF)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 12.90 | 11.29 | 15.25 | 10.53 | 9.93 | |
| DOH | days | 28.29 | 32.34 | 23.93 | 34.68 | 36.75 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 12.90
= 28.29
The days of inventory on hand (DOH) for PBF Energy Inc have shown fluctuations over the years. The trend indicates a decrease in inventory holding period from 36.75 days in December 2020 to 34.68 days in December 2021. This was followed by a significant reduction to 23.93 days by December 2022, reflecting a more efficient management of inventory levels.
However, there was a slight increase in DOH to 32.34 days by December 2023, suggesting a potential buildup of inventory. Subsequently, it decreased to 28.29 days by December 2024, indicating a more optimal inventory holding period.
Overall, it is essential for PBF Energy Inc to continue monitoring and managing its inventory levels effectively to ensure efficient operations and cost control.
Peer comparison
Dec 31, 2024