World Kinect Corporation (WKC)
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 | 70.20 | 74.10 | 93.83 | 93.80 | 74.31 | 74.35 | 51.89 | 54.27 | 63.92 | 57.72 | 50.35 | 52.49 | 56.66 | 82.62 | 93.23 | 105.28 | 60.18 | 62.47 | 67.48 | 63.84 | |
| DOH | days | 5.20 | 4.93 | 3.89 | 3.89 | 4.91 | 4.91 | 7.03 | 6.73 | 5.71 | 6.32 | 7.25 | 6.95 | 6.44 | 4.42 | 3.92 | 3.47 | 6.06 | 5.84 | 5.41 | 5.72 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 70.20
= 5.20
The days of inventory on hand (DOH) for World Kinect Corp have shown variability over the past eight quarters. In Q4 2023, the DOH was 5.20 days, which increased slightly from the previous quarter's 4.93 days. However, in comparison to Q2 and Q1 of 2023, where the DOH was 3.89 days, there has been an increase in inventory holding period.
Looking back further, Q4 2022 and Q3 2022 had similar DOH figures at 4.91 days, showing consistency in inventory management during that period. The inventory holding period increased in Q2 2022 to 7.03 days but decreased slightly in Q1 2022 to 6.73 days.
Overall, it is important for World Kinect Corp to closely monitor and manage its inventory levels and turnover to ensure efficient operations and avoid unnecessary holding costs. The fluctuations in DOH may indicate changes in sales trends, production efficiency, or supply chain issues that warrant further investigation and strategic adjustments.