Exxon Mobil Corp (XOM)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		0.58	0.46	0.65	0.69	0.72
DOH	days	625.13	787.81	563.43	528.52	505.36

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.58
= 625.13

Days of Inventory on Hand (DOH) is a financial ratio that indicates the average number of days it takes for a company to sell its inventory. A lower DOH suggests that the company is efficient in managing its inventory levels, while a higher DOH may indicate slower turnover or excess inventory.

Unfortunately, the data provided does not include specific values for Exxon Mobil Corp.'s DOH for the years 2019 to 2023. Without this information, it is challenging to conduct a detailed analysis of this particular ratio and its trend over time for the company.

However, if the DOH data were available, further analysis could involve comparing the DOH figures over the past five years to identify any patterns or trends. A decreasing trend would suggest improved inventory management efficiency, while an increasing trend could indicate potential issues such as overstocking or slower sales. Additionally, benchmarking the company's DOH against industry peers could provide insights into its competitiveness and operational effectiveness in managing inventory.