United Airlines Holdings Inc (UAL)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Inventory turnover		25.40	28.53	27.62	25.85	26.00	24.73	28.29	30.34	30.94	29.02	25.72	24.50	24.33	22.83	21.77	19.90	21.87	24.40	28.11	28.71
DOH	days	14.37	12.79	13.22	14.12	14.04	14.76	12.90	12.03	11.80	12.58	14.19	14.90	15.00	15.99	16.76	18.34	16.69	14.96	12.98	12.71

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 25.40
= 14.37

United Airlines Holdings Inc's days of inventory on hand (DOH) has shown some fluctuations over the reported periods. The company's DOH has ranged from a low of 11.80 days as of December 31, 2022, to a high of 18.34 days as of March 31, 2021.

On March 31, 2020, the DOH was 12.71 days, indicating that, on average, United Airlines held inventory for almost 13 days before selling it. By June 30, 2020, the DOH slightly increased to 12.98 days before rising further to 14.96 days by September 30, 2020. This increase suggests a slower rate of inventory turnover during this period.

The trend continued with a peak DOH of 18.34 days on March 31, 2021, possibly indicating excess inventory or delays in the sales process. Subsequently, the DOH decreased to 14.19 days by June 30, 2022, before reaching a low of 11.80 days on December 31, 2022, showing a more efficient inventory management approach.

Over the following quarters, there were further fluctuations in the DOH, with the metric hovering around 12-15 days. As of December 31, 2024, the DOH stood at 14.37 days, suggesting a moderate amount of inventory on hand relative to sales.

Overall, United Airlines Holdings Inc needs to carefully monitor its inventory levels and turnover to ensure optimal efficiency and cost-effectiveness in its operations. Variations in the DOH can indicate potential issues in inventory management, such as overstocking, underutilization, or supply chain disruptions, which can impact profitability and liquidity.