PPG Industries Inc (PPG)
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 | 5.54 | 6.99 | 6.17 | 5.92 | 6.87 | 6.54 | 6.34 | 6.33 | 6.73 | 5.72 | 5.38 | 5.75 | 6.15 | 6.37 | 6.37 | 6.28 | 6.91 | 6.40 | 4.97 | 3.70 | |
| DOH | days | 65.83 | 52.25 | 59.16 | 61.62 | 53.16 | 55.82 | 57.57 | 57.68 | 54.23 | 63.82 | 67.88 | 63.46 | 59.33 | 57.33 | 57.29 | 58.09 | 52.79 | 57.05 | 73.44 | 98.70 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.54
= 65.83
The days of inventory on hand (DOH) for PPG Industries, Inc. has shown some variability over the past eight quarters, ranging from a low of 72.25 days in Q4 2023 to a high of 86.29 days in Q1 2023. Generally, a lower DOH indicates that the company is able to sell its inventory more quickly, while a higher DOH suggests that inventory is sitting for a longer period before being sold.
The trend for PPG Industries, Inc. shows fluctuations in the DOH, with a slight increase in Q2 and Q3 of 2023 before decreasing in Q4 2023. It is important for the company to monitor and manage its inventory levels effectively to avoid excessive carrying costs associated with holding inventory for extended periods. Additionally, a high DOH could indicate potential issues with demand forecasting, production efficiency, or sales strategy that may need to be addressed to optimize working capital and improve overall operational performance.
Peer comparison
Dec 31, 2023