Xerox Corp (XRX)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.11 | 2.55 | 2.84 | 2.65 | 3.66 | |
| DOH | days | 117.46 | 143.30 | 128.43 | 137.79 | 99.65 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.11
= 117.46
The days of inventory on hand (DOH) for Xerox Holdings Corp have exhibited fluctuating trends over the past five years. In 2023, the DOH decreased to 54.31 days from 62.15 days in 2022, indicating that Xerox managed its inventory more efficiently and turned over its inventory faster during the year.
Comparing 2023 to 2021, the DOH decreased from 56.15 days to 54.31 days, indicating a slight improvement in inventory management efficiency. However, when comparing to 2020 and 2019, the DOH was higher at 71.98 days and 47.93 days respectively. This suggests that in 2023, Xerox was more efficient in managing its inventory compared to 2020 but less efficient compared to 2019.
Overall, the decreasing trend in DOH over the past two years indicates that Xerox has been able to optimize its inventory management processes, potentially resulting in cost savings and improved liquidity. However, further analysis and comparison with industry peers would provide more context on Xerox's inventory management performance.
Peer comparison
Dec 31, 2023