Agilent Technologies Inc (A)
Days of inventory on hand (DOH)
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.88 | 5.32 | 4.80 | 5.75 | 6.02 | |
| DOH | days | 74.77 | 68.62 | 75.97 | 63.43 | 60.66 |
October 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.88
= 74.77
The days of inventory on hand (DOH) for Agilent Technologies Inc have shown a fluctuating trend over the past five years.
In 2020, the DOH stood at 60.66 days, indicating that on average, Agilent held inventory that would last approximately two months before being sold. This figure increased in 2021 to 63.43 days, suggesting a slight slowdown in the inventory turnover cycle.
The trend continued in 2022 with a further increase in DOH to 75.97 days, which could indicate either potential overstocking or slower sales. In 2023, there was a decrease to 68.62 days, showing a slight improvement in inventory management efficiency.
The most recent data available for 2024 shows a DOH of 74.77 days, which is an increase compared to the previous year. This uptick may raise concerns about the company's inventory management and its ability to efficiently balance inventory levels with sales demand.
In conclusion, Agilent Technologies Inc's DOH has exhibited variability over the past five years, with fluctuations indicating potential challenges in inventory management efficiency and the need for continuous monitoring and improvement in this area.
Peer comparison
Oct 31, 2024