Targa Resources Inc (TRGP)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		36.27	32.32	45.65	95.18	32.89
DOH	days	10.06	11.29	8.00	3.83	11.10

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 36.27
= 10.06

The days of inventory on hand (DOH) for Targa Resources Inc have fluctuated over the past five years. In 2020, the company held inventory for an average of 11.10 days before selling it. This figure decreased significantly to 3.83 days in 2021, indicating a more efficient inventory turnover. In 2022, the DOH increased to 8.00 days, suggesting a slight slowdown in the inventory turnover rate. By the end of 2023, the DOH rose to 11.29 days, indicating that the company was holding onto inventory for a longer period compared to the previous year. In 2024, the DOH stood at 10.06 days, showing a slight improvement in inventory management efficiency compared to the prior year. Overall, the trend in Targa Resources Inc's DOH suggests fluctuations in inventory management over the analyzed period.