Amcor PLC (AMCR)
Days of inventory on hand (DOH)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.35 | 6.69 | 5.63 | 6.08 | 5.42 | |
| DOH | days | 57.48 | 54.60 | 64.81 | 60.00 | 67.33 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.35
= 57.48
Amcor PLC's Days of Inventory on Hand (DOH) has fluctuated over the past five years, ranging from 54.60 days to 67.33 days. The company's inventory management efficiency improved in 2023 with DOH decreasing to 54.60 days, indicating a shorter time taken to sell inventory. However, in 2024, the DOH increased to 57.48 days, suggesting a slight decline in efficiency. Overall, while there have been fluctuations in DOH, it is essential for Amcor PLC to monitor and manage its inventory levels effectively to optimize resource utilization and maintain competitive operational efficiency.
Peer comparison
Jun 30, 2024