SunCoke Energy Inc (SXC)

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		1.19	1.03	1.07	0.93	1.24	1.06	1.08	1.05	1.56	1.66	1.52	1.60	1.74	3.95	6.03	7.51	9.67	8.87	7.72	8.67
DOH	days	306.43	353.05	339.90	393.49	294.96	345.76	339.02	348.83	233.41	219.82	239.67	227.98	210.33	92.35	60.55	48.58	37.75	41.14	47.28	42.08

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.19
= 306.43

The Days of Inventory on Hand (DOH) for SunCoke Energy Inc has shown fluctuation over the past eight quarters. In the most recent quarter, Q4 2023, the company held inventory for an average of 38.65 days, which is lower compared to the previous quarter, indicating an improvement in managing inventory levels.

However, when compared to the same quarter in the previous year (Q4 2022), the DOH was slightly higher. This suggests some variability in the company's inventory management efficiency.

Overall, SunCoke Energy Inc seems to be making efforts to control and optimize its inventory levels, as evidenced by the fluctuations in DOH over the quarters analyzed. Further investigation into the company's inventory management practices and strategies could provide insights into the factors driving these changes.