Applied Industrial Technologies (AIT)
Days of inventory on hand (DOH)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 8.22 | 7.92 | 7.75 | 8.46 | 8.22 | |
| DOH | days | 44.41 | 46.07 | 47.12 | 43.15 | 44.41 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.22
= 44.41
To analyze Applied Industrial Technologies' days of inventory on hand (DOH) over the past five years, we observe a fluctuating trend in the metric.
In Jun 2024, the company had 44.41 days of inventory on hand, a slight decrease from the previous year's 46.07 days. This indicates that the company improved its inventory management efficiency in terms of holding less inventory for a shorter period.
Comparing Jun 2024 to Jun 2022 and Jun 2020, we see a downward trend in DOH, indicating a consistent effort by the company to optimize its inventory levels over the years.
However, the DOH in Jun 2021 was 43.15 days, lower than both Jun 2024 and Jun 2023. This anomaly may signify some temporary adjustments or changes in the company's inventory management strategy during that year.
Overall, Applied Industrial Technologies' DOH has demonstrated some variability over the years but generally seems to be moving towards a more optimal level, reflecting potentially improving inventory management practices.