EchoStar Corporation (SATS)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 24.06 | 1.46 | 9.25 | 10.53 | 13.02 | |
| DOH | days | 15.17 | 249.98 | 39.46 | 34.66 | 28.04 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 24.06
= 15.17
The days of inventory on hand (DOH) for EchoStar Corporation have shown significant fluctuations over the past five years. In 2023, the company had 15.17 days of inventory on hand, indicating a substantial improvement compared to the previous year.
The drastic decrease in DOH from 249.98 days in 2022 to 15.17 days in 2023 suggests that the company has significantly improved its inventory management efficiency by reducing the time it takes to sell its inventory. This could be the result of better inventory control measures, demand forecasting, or streamlining of operations.
Compared to 2021, where the DOH was 39.46 days, the company has shown a remarkable improvement in 2023, indicating a more effective management of inventory levels. Additionally, EchoStar Corporation has shown a consistent trend of reducing its DOH over the past five years, reflecting a positive trend in the company's inventory management practices.
Overall, the reduction in days of inventory on hand for EchoStar Corporation in 2023 compared to previous years signifies improved efficiency in managing and selling inventory, which could potentially lead to cost savings and improved profitability in the future.
Peer comparison
Dec 31, 2023