Whirlpool Corporation (WHR)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 8.30 | 9.26 | 7.43 | 7.97 | 8.12 | |
| DOH | days | 43.96 | 39.40 | 49.12 | 45.78 | 44.94 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.30
= 43.96
Whirlpool Corp.'s Days of Inventory on Hand (DOH) has shown some variability over the past five years. In 2021, the DOH was at its highest point at 56.42 days, indicating that on average, Whirlpool held inventory for approximately 56.42 days before selling it. This was followed by a slight improvement in 2022, with the DOH decreasing to 45.79 days, suggesting a more efficient management of inventory during that period.
However, in 2023, Whirlpool's DOH increased to 50.36 days, signaling a longer period of inventory retention compared to the previous year. This uptick may imply potential challenges in managing inventory levels efficiently or could reflect changes in the company's sales patterns or supply chain disruptions.
Overall, monitoring the trend in DOH can provide insights into Whirlpool's inventory management effectiveness and operational efficiency. Further analysis and comparison with industry benchmarks would be beneficial to assess Whirlpool's performance in this area and identify opportunities for optimization.
Peer comparison
Dec 31, 2023