Packaging Corp of America (PKG)

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 6.61 6.79 6.83 6.89 7.15 7.02 7.19 7.05 7.11 7.05 7.32 7.37 7.41 7.55 7.04 7.35 7.45 7.29 7.23 7.10
DOH days 55.22 53.78 53.48 52.94 51.08 51.99 50.74 51.77 51.32 51.79 49.84 49.53 49.26 48.31 51.81 49.69 48.99 50.08 50.46 51.39

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.61
= 55.22

Packaging Corp Of America's days of inventory on hand (DOH) has shown a relatively stable trend over the past eight quarters. The company has consistently maintained its inventory for approximately two months, with fluctuations within a narrow range between 55.51 days and 60.59 days. This indicates that Packaging Corp Of America has been able to effectively manage its inventory levels, neither overstocking nor understocking, which is a positive sign of efficient inventory management. The slight variations in DOH suggest that the company has been able to accurately forecast demand and adjust its inventory levels accordingly to optimize working capital and operational efficiency. Overall, the consistent DOH levels reflect the company's effective control over its inventory management practices.


Peer comparison

Dec 31, 2023