Adient PLC (ADNT)

Days of inventory on hand (DOH)

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Inventory turnover		18.15	17.96	17.91	17.18	17.08	16.25	15.03	13.86	13.97	13.31	12.49	13.43	13.17	15.85	16.08	16.75	17.63	16.87	18.92	19.97
DOH	days	20.11	20.32	20.38	21.25	21.37	22.46	24.29	26.33	26.13	27.43	29.23	27.17	27.71	23.03	22.69	21.79	20.70	21.63	19.29	18.27

September 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 18.15
= 20.11

The Days of Inventory on Hand (DOH) for Adient PLC have shown a fluctuating trend over the past few years. The DOH ranged from 18.27 days to 29.23 days, indicating some variability in the management of the company's inventory levels.

In recent periods, there has been a slight decrease in the DOH, with the latest figure standing at 20.11 days as of September 30, 2024. This may suggest that the efficiency of inventory management has improved, leading to a shorter period of time for Adient to sell its inventory.

It is important to monitor the DOH closely, as a lower number indicates that inventory is being managed effectively, with goods moving out of stock quickly. Conversely, a higher DOH could imply overstocking or potential issues with sales and demand forecasting.

Overall, while the recent decrease in DOH is a positive sign, ongoing monitoring and optimization of inventory management practices will be crucial for Adient PLC to maintain efficiency and profitability in its operations.