The Andersons Inc (ANDE)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 8.21 | 12.04 | 17.02 | 12.93 | 12.00 | 15.75 | 16.24 | 10.65 | 9.61 | 10.10 | 8.99 | 6.87 | 6.62 | 10.63 | 10.75 | 6.53 | 5.94 | 9.42 | 11.56 | 7.33 | |
| DOH | days | 44.46 | 30.31 | 21.45 | 28.22 | 30.41 | 23.18 | 22.47 | 34.28 | 37.98 | 36.13 | 40.61 | 53.14 | 55.10 | 34.35 | 33.95 | 55.91 | 61.47 | 38.75 | 31.59 | 49.78 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.21
= 44.46
The Days of Inventory on Hand (DOH) for The Andersons Inc has shown fluctuations over the past few years. The company had a DOH of around 49.78 days on March 31, 2020, which decreased to 31.59 days by June 30, 2020. The DOH increased to 61.47 days by December 31, 2020, reflecting a longer period of inventory holding.
Subsequently, there were fluctuations in the DOH figures, with values ranging from 33.95 days on June 30, 2021, to 40.61 days on June 30, 2022. The DOH decreased to 21.45 days on June 30, 2024, indicating a more efficient management of inventory during that period.
Overall, the trend in DOH for The Andersons Inc shows variability with some periods of higher inventory turnover efficiency and others with longer holding periods. It is essential for the company to closely monitor and manage inventory levels to optimize working capital and operational efficiency. By analyzing DOH over time, management can identify trends and make informed decisions to enhance inventory management practices.
Peer comparison
Dec 31, 2024