Adapthealth Corp (AHCO)
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 | 23.91 | 27.87 | 23.35 | 19.21 | 19.99 | 19.25 | 22.37 | 21.87 | 16.17 | 18.28 | 18.58 | 15.65 | 15.29 | 23.72 | 34.12 | 34.58 | 33.29 | 20.80 | 21.83 | 21.71 | |
| DOH | days | 15.27 | 13.10 | 15.63 | 19.00 | 18.26 | 18.96 | 16.32 | 16.69 | 22.58 | 19.96 | 19.65 | 23.32 | 23.88 | 15.38 | 10.70 | 10.56 | 10.96 | 17.55 | 16.72 | 16.82 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 23.91
= 15.27
AdaptHealth Corp's days of inventory on hand (DOH) has been relatively stable over the past eight quarters, ranging from a low of 15.25 days to a high of 19.01 days. It appears that the company has managed its inventory efficiently, as there are no significant spikes or dips in the DOH ratio. This suggests that AdaptHealth Corp has been able to effectively control its inventory levels and minimize excess inventory or stockouts. Overall, the consistency in the DOH ratio indicates that the company has maintained a balanced approach to managing its inventory throughout the period under review.
Peer comparison
Dec 31, 2023
Company name
Symbol
DOH
Adapthealth Corp
AHCO
15.27
Addus HomeCare Corporation
ADUS
—
Amedisys Inc
AMED
—
Chemed Corp
CHE
2.34
Enhabit Inc.
EHAB
—
Option Care Health Inc
OPCH
25.24