United Parcel Service Inc (UPS)
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 | 61.95 | — | — | — | 66.93 | — | — | — | 77.64 | — | — | 34.40 | 60.22 | — | — | — | 65.84 | — | — | — | |
| DOH | days | 5.89 | — | — | — | 5.45 | — | — | — | 4.70 | — | — | 10.61 | 6.06 | — | — | — | 5.54 | — | — | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 61.95
= 5.89
As the provided table lacks specific figures for the days of inventory on hand for United Parcel Service, Inc. across the given quarters, no quantitative analysis of this ratio can be conducted. Days of inventory on hand is a critical metric that indicates how efficiently a company manages its inventory levels. A higher number of days suggests slow-moving inventory or potential overstocking, leading to higher carrying costs and reduced liquidity. Conversely, a lower number of days may indicate efficient inventory turnover, enhancing cash flow and operational efficiency. To provide a meaningful analysis, specific numerical data for each quarter would be required to calculate and interpret the trend of United Parcel Service, Inc.'s days of inventory on hand ratio over time.
See also:
United Parcel Service Inc Average Inventory Processing Period (Quarterly Data)