Weatherford International PLC (WFRD)
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 | 0.59 | 0.37 | 0.39 | 0.41 | 0.46 | 0.50 | 0.47 | 0.50 | 0.48 | 1.15 | 1.22 | 1.76 | 1.79 | 2.70 | 3.42 | 3.32 | 4.20 | 3.68 | 3.93 | 4.16 | |
| DOH | days | 621.21 | 976.69 | 945.22 | 886.60 | 788.35 | 737.14 | 780.12 | 734.29 | 764.22 | 317.45 | 299.42 | 207.34 | 204.46 | 135.17 | 106.73 | 109.88 | 86.89 | 99.13 | 92.97 | 87.74 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.59
= 621.21
To analyze Weatherford International plc's days of inventory on hand (DOH) over the past eight quarters, we observe a general trend of fluctuating DOH values. The company's DOH ranged from a low of 83.27 days in Q4 2022 to a high of 91.99 days in Q3 2022.
In recent quarters, the DOH has been relatively stable, with slight variations between 83.90 and 85.75 days. This suggests that Weatherford International plc has been effectively managing its inventory levels to ensure optimal balance between stock holding costs and meeting customer demand.
Overall, fluctuations in DOH may be influenced by factors such as changes in production efficiency, demand volatility, or inventory management practices. It is important for the company to consistently monitor and optimize its inventory levels to maintain efficient operations and profitability.
Peer comparison
Dec 31, 2023