Cactus Inc (WHD)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 0.89 | 0.54 | 0.54 | 0.73 | 0.60 | |
| DOH | days | 408.07 | 672.52 | 677.25 | 501.59 | 611.77 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.89
= 408.07
The days of inventory on hand (DOH) for Cactus Inc have exhibited fluctuations over the past five years. The trend indicates an increase in DOH from 2019 to 2022, reaching its peak at 677.25 days in 2021, before decreasing to 408.07 days in 2023. This suggests that the company may have improved its inventory management practices in the most recent year. However, the DOH remains relatively high compared to 2020 and 2019, indicating that Cactus Inc may still hold inventory for an extended period. Further investigation into the reasons behind these fluctuations and the impact on the company's operations and profitability would be necessary to provide a more comprehensive analysis.
Peer comparison
Dec 31, 2023