Autoliv Inc (ALV)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 9.05 | 8.14 | 9.22 | 8.41 | 10.03 | |
| DOH | days | 40.35 | 44.85 | 39.60 | 43.42 | 36.40 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.05
= 40.35
Autoliv Inc.'s days of inventory on hand (DOH) fluctuated over the past five years, ranging from 38.84 days in 2019 to 47.50 days in 2022. In 2023, the DOH decreased to 42.68 days, showing a slight improvement compared to the previous year. A lower DOH indicates that the company is managing its inventory more efficiently, potentially reducing carrying costs and the risk of inventory obsolescence. However, it is important to monitor inventory levels closely to ensure that they align with changing demand patterns and production cycles. Overall, the trend in DOH suggests that Autoliv Inc. has been actively working to optimize its inventory management practices in recent years.
Peer comparison
Dec 31, 2023