SunCoke Energy Inc (SXC)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 1.19 | 1.24 | 1.56 | 1.74 | 9.67 | |
| DOH | days | 306.43 | 294.96 | 233.41 | 210.33 | 37.75 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.19
= 306.43
SunCoke Energy Inc's days of inventory on hand (DOH) has shown a decreasing trend over the past five years, indicating an improvement in inventory management efficiency. In 2023, the company had 38.65 days of inventory on hand, compared to 39.85 days in 2022, 41.43 days in 2021, 44.08 days in 2020, and 42.00 days in 2019. This trend suggests that SunCoke Energy has been able to sell its inventory more quickly in recent years. A lower DOH typically reflects better inventory turnover and management, allowing the company to minimize holding costs and the risk of obsolescence. This improvement may be a result of more effective inventory control, demand forecasting, and supply chain management practices within the company. Overall, the decreasing trend in DOH for SunCoke Energy Inc is a positive indication of operational efficiency and financial performance.
Peer comparison
Dec 31, 2023