World Kinect Corporation (WKC)

The Days of Inventory on Hand (DOH) for World Kinect Corp has shown a fluctuating trend over the past five years, as indicated in the table. The DOH measures the average number of days a company holds its inventory before selling it. A lower DOH value is generally considered more favorable as it suggests that the company is efficiently managing its inventory and turning over its stock quickly.

From 2019 to 2023, we observe a decreasing trend in the DOH, indicating that World Kinect Corp has been able to improve its inventory management efficiency over this period. The company has been able to reduce the number of days it takes to sell its inventory on hand.

However, it is important to note that the DOH increased slightly in 2021 compared to the previous year before decreasing again in 2022 and 2023. This slight increase in 2021 could indicate a temporary slowdown in inventory turnover efficiency, but the subsequent decreases in 2022 and 2023 suggest that the company was able to address this issue and improve its inventory management once more.

Overall, the downward trend in DOH over the years reflects positively on World Kinect Corp's ability to streamline its inventory processes and optimize its working capital management. This trend indicates that the company has been successful in efficiently managing its inventory levels and converting its stock into sales in a timely manner, which can lead to improved liquidity and profitability.