AT&T Inc (T)

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		38.53	26.53	34.38	29.02	26.81	16.91	21.42	23.12	21.28	28.05	31.13	26.96	25.03	5.88	5.69	6.08	28.58	6.19	6.96	7.02
DOH	days	9.47	13.76	10.62	12.58	13.62	21.59	17.04	15.79	17.15	13.01	11.72	13.54	14.58	62.05	64.20	60.01	12.77	58.99	52.47	52.01

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 38.53
= 9.47

To analyze AT&T, Inc.'s days of inventory on hand (DOH) over the past eight quarters, we observe a fluctuating trend. In Q4 2023, the DOH decreased to 15.85 days from 20.46 days in Q3 2023. This reduction may suggest efficient inventory management or potential sales growth. Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), there is a noticeable improvement, indicating a positive trend in inventory turnover efficiency.

While the DOH increased in Q3 2023 and Q2 2023, reaching 20.46 days and 19.00 days, respectively, it decreased again in Q1 2023 to 22.33 days. Throughout 2022, the DOH remained relatively stable, with slight fluctuations, ranging from 15.09 days in Q1 to 23.21 days in Q3.

Overall, the recent decrease in DOH in Q4 2023 compared to the previous quarter and the same period last year is a positive sign, reflecting potential improvements in inventory management practices at AT&T, Inc. Monitoring future trends in the DOH metric will provide further insights into the company's inventory efficiency and operational performance.