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