United Airlines Holdings Inc (UAL)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		23.95	24.68	30.94	24.33	21.87
DOH	days	15.24	14.79	11.80	15.00	16.69

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 23.95
= 15.24

United Airlines Holdings Inc has shown a decreasing trend in its Days of Inventory on Hand (DOH) over the past five years, reflecting improvements in inventory management efficiency. In particular, the DOH has decreased from 16.69 days as of December 31, 2020, to 15.00 days as of December 31, 2021, indicating a reduction in the average number of days it takes for the company to sell its inventory.

Further improvements were observed in the following years, with the DOH dropping to 11.80 days as of December 31, 2022, before slightly increasing to 14.79 days as of December 31, 2023, and 15.24 days as of December 31, 2024. Despite the slight uptick in the most recent year, the overall downward trend in DOH suggests that United Airlines Holdings Inc has been effectively managing its inventory levels and turnover, potentially leading to lower holding costs and improved cash flow efficiency.