Agilent Technologies Inc (A)
Days of inventory on hand (DOH)
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 5.25 | 5.32 | 5.17 | 4.57 | 4.49 | 4.80 | 4.84 | 5.18 | 5.51 | 5.75 | 5.75 | 5.69 | 5.83 | 6.02 | 5.72 | 5.68 | 5.84 | 5.88 | 5.24 | 4.62 | |
| DOH | days | 69.54 | 68.62 | 70.56 | 79.78 | 81.22 | 75.97 | 75.36 | 70.52 | 66.25 | 63.45 | 63.43 | 64.17 | 62.57 | 60.66 | 63.84 | 64.28 | 62.52 | 62.05 | 69.64 | 79.04 |
January 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.25
= 69.54
Days of Inventory on Hand (DOH) is a crucial metric used to assess how efficiently a company manages its inventory. Agilent Technologies Inc. has shown fluctuations in its DOH over the past eight quarters.
In Q1 2024, Agilent's DOH stood at 113.23 days, a slight increase from the previous quarter's figure of 111.73 days. Despite this increase, the DOH remains relatively stable, indicating effective inventory management in the current period.
Looking back at Q2 and Q1 of 2023, Agilent experienced a notable increase in DOH, with figures of 125.93 days and 128.73 days, respectively. These elevated levels imply that the company may have been facing challenges in efficiently converting inventory into sales during these periods.
Comparing Q4 2022 to Q3 2022, there was a slight decrease in DOH from 121.20 days to 120.91 days. This reduction suggests improved inventory turnover efficiency during the end of 2022.
Furthermore, in Q2 2022 and Q1 2022, the company's DOH was relatively consistent at 113.85 days and 114.01 days, respectively. This stability indicates that Agilent maintained a steady inventory management performance during this period.
Overall, Agilent Technologies Inc. has shown varying levels of efficiency in managing its inventory over the past eight quarters. The recent decrease in Q4 2023 and the relatively stable DOH in Q1 2024 may indicate improvements in inventory turnover, but sustained monitoring of inventory management practices is necessary to ensure optimal operational performance.
Peer comparison
Jan 31, 2024