Addus HomeCare Corporation (ADUS)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | |
| DOH | days | — | — | — | — | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
To analyze Addus HomeCare Corporation's days of inventory on hand (DOH), we need historical data which unfortunately is not provided in the table. DOH measures how many days, on average, a company holds its inventory before selling it. A lower DOH is generally preferred as it suggests efficient inventory management and faster inventory turnover.
Without the specific DOH figures for Addus HomeCare Corporation from 2019 to 2023, we cannot evaluate the trend in their inventory holding period. However, in general, a decreasing trend in DOH over time would indicate improved efficiency in managing inventory levels, while an increasing trend could imply potential issues such as overstocking or slower sales.
In addition to the DOH trend, it is essential to compare the company's DOH with industry benchmarks and competitors to assess its relative performance in inventory management. This comparison would provide insights into whether Addus HomeCare Corporation is effectively managing its inventory levels compared to its peers in the home healthcare industry.
Overall, a thorough analysis of Addus HomeCare Corporation's DOH, alongside additional financial metrics and industry comparisons, would provide a more comprehensive understanding of the company's inventory management efficiency and potential areas for improvement.
Peer comparison
Dec 31, 2023