Verizon Communications Inc (VZ)

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		20.87	21.12	24.59	19.15	18.91	13.65	11.41	11.24	13.51	20.34	33.63	36.67	27.25	24.56	27.61	21.89	24.33	25.37	33.78	28.44
DOH	days	17.49	17.28	14.84	19.06	19.30	26.74	31.98	32.48	27.01	17.95	10.85	9.95	13.40	14.86	13.22	16.67	15.00	14.39	10.81	12.83

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 20.87
= 17.49

Verizon Communications Inc.'s Days of Inventory on Hand (DOH) has shown some fluctuations over the past eight quarters. In Q4 2023, the DOH was 13.68 days, a decrease from the previous quarter's 14.74 days in Q3 2023. This suggests that the company was managing its inventory more efficiently in Q4 2023. Comparing the current DOH to the same quarter a year ago (Q4 2022), there has been a slight improvement as the DOH was 14.74 days in Q4 2023 compared to 14.74 days in Q4 2022.

Looking at the trend over the past year, there was a significant decrease in DOH from Q2 2022 to Q1 2023, indicating a more efficient management of inventory during that period. However, there was a subsequent increase in DOH in Q2 and Q3 2023, followed by a decrease in Q4 2023. Overall, the company's inventory management appears to have some variability but has maintained relatively stable levels over the past year. Given that DOH measures how efficiently a company manages its inventory, Verizon Communications Inc. should continue to monitor and potentially improve its inventory management processes to optimize working capital and profitability.