Sylvamo Corp (SLVM)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 5.83 | 5.16 | 4.84 | 4.35 | 6.08 | 6.53 | 6.83 | ||||
| DOH | days | 62.56 | 70.71 | 75.36 | 83.95 | 60.01 | 55.87 | 53.47 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.83
= 62.56
Sylvamo Corp's days of inventory on hand (DOH) have shown a fluctuating trend over the past five quarters. The DOH increased from 50.73 days in Q4 2022 to 69.48 days in Q1 2023, marking a significant rise. Subsequently, the DOH decreased in Q2 2023 to 62.97 days and further in Q3 2023 to 59.55 days before slightly increasing to 52.50 days in Q4 2023.
The recent decrease in DOH could indicate improved inventory management efficiency or possibly stronger sales performance, leading to the inventory being sold off quicker. However, it is important to monitor the trend over time to determine if the improvement is sustainable or just a short-term fluctuation. Overall, the varying DOH figures suggest that Sylvamo Corp's inventory management practices may be subject to periodic adjustments in response to changing business conditions.
Peer comparison
Dec 31, 2023