Adapthealth Corp (AHCO)

Days of inventory on hand (DOH)

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Inventory turnover 23.94 19.99 16.32 15.29 33.29
DOH days 15.25 18.26 22.37 23.88 10.96

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 23.94
= 15.25

The days of inventory on hand (DOH) for AdaptHealth Corp has shown a fluctuating trend over the past five years. The company's DOH decreased from 10.97 days in 2019 to 15.25 days in 2023, demonstrating efficient inventory management during this period. However, there was a slight increase in DOH in 2022 and a more significant increase in 2021, reaching 18.26 days and 22.37 days, respectively, indicating a potential buildup of inventory relative to sales.

In 2020, the DOH decreased to 23.88 days, reflecting a better control over inventory levels compared to the previous year. Overall, the trend in DOH suggests that the company may have experienced some challenges in managing its inventory efficiently in certain years, but has shown improvement in recent periods. Further analysis of the underlying factors affecting inventory levels and sales performance would be necessary to fully assess the effectiveness of AdaptHealth Corp's inventory management strategy.


Peer comparison

Dec 31, 2023