Amedisys Inc (AMED)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | 101.06 | 182.21 | 198.35 | 29.14 | |
| DOH | days | — | 3.61 | 2.00 | 1.84 | 12.52 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) ratio for Amedisys Inc. is not provided in the table for the years ending on December 31, 2019, 2020, 2021, 2022, and 2023. The DOH ratio is a measure of how many days a company takes to sell its average inventory balance. Without the specific data on DOH for these years, it is challenging to assess the efficiency of Amedisys Inc. in managing its inventory levels and converting inventory to sales within a given period.
However, to analyze the potential impact of the DOH ratio on the company's operations and financial performance, it is crucial to compare this ratio with industry benchmarks and trends over time. A higher DOH ratio may indicate slow-moving inventory or potential obsolescence issues, leading to increased storage and carrying costs. On the other hand, a lower DOH ratio suggests efficient inventory management and quicker inventory turnover, which can enhance liquidity and profitability.
Given the absence of specific DOH figures in the table, additional information or access to Amedisys Inc.'s financial reports would be necessary to conduct a more in-depth evaluation of the company's inventory management efficiency and its implications for overall financial health.
Peer comparison
Dec 31, 2023