World Kinect Corporation (WKC)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 80.12 | 70.03 | 69.82 | 68.94 | 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 | |
| DOH | days | 4.56 | 5.21 | 5.23 | 5.29 | 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 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 80.12
= 4.56
World Kinect Corporation's days of inventory on hand (DOH) has shown fluctuations over the past few years. Starting at 3.47 days on March 31, 2020, the DOH gradually increased, reaching a peak of 7.25 days on June 30, 2021. Subsequently, the DOH decreased to 4.91 days by September 30, 2022, before stabilizing around 5 days for the following periods, with minor fluctuations.
Overall, the trend in World Kinect Corporation's DOH indicates some variability in managing its inventory levels. A lower DOH suggests efficient inventory turnover, while a higher DOH may indicate overstocking or potential issues in managing inventory levels. It is important for the company to continuously monitor and optimize its inventory management practices to ensure efficient operations and maximize profitability.