SkyWest Inc (SKYW)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		10.48	10.42	10.83	10.05	32.09
DOH	days	34.84	35.02	33.72	36.33	11.37

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 10.48
= 34.84

SkyWest Inc's Days of Inventory on Hand (DOH) has fluctuated over the past five years. In 2020, the company had a relatively low DOH of 11.37 days, indicating efficient management of inventory. However, there was a significant increase in 2021, with DOH jumping to 36.33 days. This suggests that the company may have faced challenges in managing inventory levels effectively.

Subsequently, in 2022, 2023, and 2024, the DOH figures remained relatively stable, ranging between 33.72 days to 35.02 days. This indicates that SkyWest Inc has made efforts to maintain inventory levels within a reasonable range, although the DOH is still higher compared to the initial year.

Overall, the trend in SkyWest Inc's DOH suggests that the company may need to continue monitoring and optimizing its inventory management practices to ensure efficient use of resources and minimize carrying costs.