Albany International Corporation (AIN)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.68 | 4.31 | 4.64 | 4.67 | 4.79 | |
| DOH | days | 64.23 | 84.72 | 78.67 | 78.11 | 76.15 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.68
= 64.23
The days of inventory on hand (DOH) for Albany International Corporation have exhibited a fluctuating trend over the past five years. Starting at 76.15 days as of December 31, 2020, the DOH increased to 78.11 days by December 31, 2021. The trend continued with a slight rise to 78.67 days by December 31, 2022. Subsequently, there was a notable increase to 84.72 days by December 31, 2023, signaling a longer period for inventory turnover.
However, in the most recent period, as of December 31, 2024, there was a significant decrease in DOH to 64.23 days, indicating an improvement in efficiency in managing inventory levels. It is essential for the company to monitor and optimize its inventory management strategies to strike a balance between meeting demand and avoiding excess holding costs. Further analysis of factors influencing inventory turnover will be beneficial in understanding the company's operational effectiveness and potential for enhancing overall financial performance.