PBF Energy Inc (PBF)

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		12.90	13.39	12.47	12.32	11.29	11.55	13.57	14.69	15.25	14.92	12.08	10.55	10.53	7.89	7.32	6.45	9.93	12.77	13.11	25.76
DOH	days	28.29	27.27	29.27	29.61	32.34	31.59	26.90	24.85	23.93	24.46	30.20	34.60	34.68	46.27	49.86	56.57	36.75	28.57	27.84	14.17

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 12.90
= 28.29

The days of inventory on hand (DOH) for PBF Energy Inc has shown some fluctuations over the specified time period. The trend indicates an initial increase from 14.17 days on March 31, 2020, to a peak of 56.57 days on March 31, 2021. Thereafter, the DOH metric fluctuated within a range between 30 to 50 days until September 30, 2022, when it began to decline.

From December 31, 2022, the DOH ratio has shown a more stable pattern around the mid-20s, indicating efficient management of inventory levels. This could indicate better control over inventory turnover and potential improvements in working capital management. The decreasing trend until December 31, 2024, (28.29 days) may suggest effective inventory management practices in place.

Overall, the DOH ratio for PBF Energy Inc reflects the company's ability to manage its inventory efficiently over the specified time period, with a notable improvement in the latter years. However, it would be crucial to continually monitor this metric to ensure optimal inventory levels and avoid potential inefficiencies in working capital management.