XPO Logistics Inc (XPO)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | 361.47 | 414.62 | — | |
| DOH | days | — | — | 1.01 | 0.88 | — |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
Days of Inventory on Hand (DOH) is a crucial financial ratio that measures how efficiently a company manages its inventory levels.
Based on the data provided for XPO Logistics Inc:
- As of December 31, 2020, the DOH was not available.
- As of December 31, 2021, XPO Logistics had 0.88 days of inventory on hand. This indicates that the company had a very efficient inventory management system in place, as it only took approximately 0.88 days to sell its inventory.
- By December 31, 2022, the DOH increased slightly to 1.01 days. This implies that XPO Logistics may have held slightly more inventory compared to the previous year.
- For December 31, 2023, and December 31, 2024, the DOH data is not available.
Overall, the trend in DOH for XPO Logistics shows that the company was efficient in managing its inventory levels in 2021 and 2022, with a slight increase seen in 2022. However, without data for 2023 and 2024, it is difficult to ascertain the ongoing trend in inventory management efficiency for the company.
Peer comparison
Dec 31, 2024