Albany International Corporation (AIN)
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 | 5.57 | 4.94 | 5.68 | 5.47 | 5.90 | 5.92 | 5.79 | 6.04 | 6.12 | 6.00 | 5.77 | 5.86 | 5.98 | 5.63 | 5.53 | 5.88 | 6.90 | 6.23 | 6.25 | 6.31 | |
| DOH | days | 65.48 | 73.95 | 64.32 | 66.74 | 61.82 | 61.66 | 63.07 | 60.39 | 59.67 | 60.80 | 63.28 | 62.32 | 61.04 | 64.80 | 66.00 | 62.11 | 52.91 | 58.55 | 58.41 | 57.80 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.57
= 65.48
The days of inventory on hand (DOH) for Albany International Corp. fluctuated over the past eight quarters, ranging from 78.67 days to 95.44 days. In Q4 2023, the company had 85.46 days of inventory on hand, showing an improvement from the previous quarter. However, this figure is still higher compared to Q4 2022 when the DOH was 78.67 days. Overall, the trend in DOH indicates some variability in the management of inventory levels over the past two years. Further analysis and comparison with industry benchmarks may provide insights into the effectiveness of Albany International Corp.'s inventory management practices.