Sealed Air Corporation (SEE)
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 | 4.97 | 4.62 | 4.11 | 4.03 | 4.47 | 4.10 | 4.27 | 4.66 | 5.31 | 5.01 | 4.85 | 5.18 | 5.52 | 5.15 | 5.08 | 5.74 | 5.66 | 5.20 | 5.39 | 5.39 | |
| DOH | days | 73.45 | 78.95 | 88.88 | 90.65 | 81.73 | 89.08 | 85.55 | 78.41 | 68.75 | 72.84 | 75.28 | 70.51 | 66.12 | 70.92 | 71.88 | 63.57 | 64.52 | 70.13 | 67.74 | 67.69 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.97
= 73.45
Sealed Air Corp.'s days of inventory on hand (DOH) has displayed fluctuations over the past eight quarters. The trend indicates a general increase in DOH from Q1 2022 to Q1 2023, reaching a peak of 90.65 days in Q1 2023. This signifies that the company held their inventory for a longer period during this time frame.
However, a slight decrease was observed in Q2 2023 followed by a further decline in Q3 2023. Q4 2023 saw a modest increase compared to the previous quarter but remained lower than the peak observed in Q1 2023.
The variability in DOH levels may suggest changes in the company's inventory management strategies, production efficiency, or demand patterns. It is important for Sealed Air Corp. to continue monitoring and optimizing its inventory turnover to ensure efficient utilization of resources and timely fulfillment of customer orders.
Peer comparison
Dec 31, 2023