Sealed Air Corporation (SEE)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.97 | 4.47 | 5.31 | 5.52 | 5.66 | |
| DOH | days | 73.45 | 81.73 | 68.75 | 66.12 | 64.52 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.97
= 73.45
The days of inventory on hand (DOH) for Sealed Air Corp. has shown some fluctuations over the past five years. In 2023, the DOH decreased to 73.45 days from 81.73 days in 2022, indicating a more efficient management of inventory levels. This improvement may suggest that the company is effectively managing its inventory turnover and maintaining optimal inventory levels.
Compared to 2021, where the DOH was 68.75 days, the increase in 2022 was a cause for concern as it could indicate a potential buildup of inventory or inefficiencies in inventory management. However, the subsequent decrease in 2023 suggests that the company may have taken steps to address these issues.
Looking further back, in 2020 and 2019, the DOH was 66.12 days and 64.52 days, respectively. The slight increase in 2021 followed by a decrease in 2023 indicates a fluctuating trend in inventory management over the years.
Overall, the trend in Sealed Air Corp.'s DOH suggests that the company has been making efforts to optimize its inventory management practices, as evidenced by the improvements seen in 2023. However, it is important for the company to continue monitoring and adjusting its inventory levels to ensure efficient operations and cost control.
Peer comparison
Dec 31, 2023