The Andersons Inc (ANDE)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 8.21 | 12.00 | 9.61 | 6.62 | 5.95 | |
| DOH | days | 44.46 | 30.41 | 37.98 | 55.10 | 61.31 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.21
= 44.46
The days of inventory on hand (DOH) for The Andersons Inc have shown a declining trend over the past five years. From 61.31 days as of December 31, 2020, the DOH decreased to 55.10 days by December 31, 2021, indicating an improvement in inventory management efficiency.
Further improvement was seen in the following years, with DOH dropping to 37.98 days by December 31, 2022, 30.41 days by December 31, 2023, and then slightly increasing to 44.46 days by December 31, 2024.
The decreasing trend in DOH suggests that The Andersons Inc has been able to manage its inventory levels more effectively, potentially leading to lower carrying costs and the ability to respond more quickly to changes in demand. However, the slight increase in 2024 may warrant further investigation to ensure that inventory management practices remain efficient.
Peer comparison
Dec 31, 2024