Archer-Daniels-Midland Company (ADM)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 7.23 | 7.96 | 7.76 | 6.38 | 6.36 | 6.87 | 6.03 | 4.84 | 5.47 | 6.67 | 6.07 | 4.95 | 5.11 | 6.67 | 7.87 | 6.81 | 6.60 | 7.46 | 7.15 | 6.70 | |
| DOH | days | 50.50 | 45.85 | 47.04 | 57.22 | 57.36 | 53.13 | 60.50 | 75.43 | 66.68 | 54.76 | 60.10 | 73.68 | 71.37 | 54.73 | 46.39 | 53.58 | 55.31 | 48.92 | 51.02 | 54.51 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.23
= 50.50
The days of inventory on hand (DOH) for Archer-Daniels-Midland Company have shown some fluctuations over the past 5 years, ranging from a low of 45.85 days to a high of 75.43 days. The company's DOH appears to have peaked in March 2022 and declined gradually since then, indicating improved inventory management efficiency.
A lower DOH implies that the company is selling goods more quickly or efficiently, while a higher DOH may suggest potential issues such as overstocking or slow-moving inventory.
Overall, the trend in Archer-Daniels-Midland Company's DOH over the analyzed period indicates a mix of inventory management strategies and adjustments to market conditions. Further analysis could provide insights into the effectiveness of their inventory control measures and their impact on the company's operational and financial performance.
Peer comparison
Dec 31, 2023