Shenandoah Telecommunications Co (SHEN)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		28.35	9.18	—	0.16	23.48
DOH	days	12.87	39.76	—	2,226.43	15.54

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 28.35
= 12.87

The days of inventory on hand (DOH) for Shenandoah Telecommunications Co. could not be calculated for the years up to 2022 based on the provided data. However, from the available information, we see that the company had 7.90 days of inventory on hand as of December 31, 2019.

The DOH ratio measures how many days a company typically holds inventory before it is sold. A lower DOH indicates efficient inventory management as the company is selling its inventory quickly, which can reduce holding costs and the risk of obsolescence.

For Shenandoah Telecommunications Co., the decrease in DOH from 7.90 days in 2019 suggests a potential improvement in inventory management efficiency. However, without data for the subsequent years, it is challenging to assess the trend or evaluate the current state of the company's inventory management. Further information would be needed to provide a more comprehensive analysis of the company's inventory turnover and operational effectiveness.