AT&T Inc (T)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 25.97 | 25.88 | 21.28 | 25.08 | 28.62 | |
| DOH | days | 14.05 | 14.10 | 17.15 | 14.55 | 12.75 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 25.97
= 14.05
Days of Inventory on Hand (DOH) measures how many days a company holds its inventory before selling it. A lower DOH value indicates quicker turnover of inventory, implying efficient inventory management.
AT&T's DOH decreased from 22.42 days in 2022 to 15.85 days in 2023, reflecting improved inventory management efficiency. Comparing to 2021, AT&T's DOH remained relatively stable at 15.84 days, indicating consistent performance in managing inventory levels. Notably, there is no reported data for 2020 and 2019.
The decreasing trend in DOH suggests that AT&T has been more effective in managing its inventory levels, potentially leading to reduced carrying costs and lower risks of obsolete inventory. Investors and stakeholders may view this positively as efficient inventory management can boost profitability and liquidity for the company.
Peer comparison
Dec 31, 2023