Addus HomeCare Corporation (ADUS)
Days of inventory on hand (DOH)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | 124.29 | — | — | — | — | — | — | — | 396.00 | — | — | — | — | — | — | 339.92 | — | |
| DOH | days | — | — | — | 2.94 | — | — | — | — | — | — | — | 0.92 | — | — | — | — | — | — | 1.07 | — |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
Based on the data provided, the Days of Inventory on Hand (DOH) for Addus HomeCare Corporation has varied over time.
As of June 30, 2020, the company held approximately 1.07 days' worth of inventory on hand. This indicates that Addus HomeCare had a relatively low level of inventory relative to its sales during that period.
The DOH remained stable at around 1.07 days until the first significant change was observed on March 31, 2022, when it decreased to 0.92 days. This reduction suggests that the company was able to manage its inventory more efficiently, possibly through improved inventory management practices or demand forecasting.
However, there was a notable increase in the DOH to 2.94 days by March 31, 2024. This rise could indicate potential issues such as overstocking, slower sales, or changes in demand that led to the accumulation of inventory.
Overall, the fluctuation in Addus HomeCare Corporation's DOH signifies changes in its inventory management efficiency and operational performance over the analyzed periods. Further analysis would be required to understand the specific reasons behind the variations in DOH and their impact on the company's financial health and strategic decision-making.
Peer comparison
Dec 31, 2024