Ashland Global Holdings Inc (ASH)
Days of inventory on hand (DOH)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 2.43 | 2.48 | 3.05 | 2.80 | 2.51 | |
| DOH | days | 150.03 | 147.08 | 119.81 | 130.34 | 145.56 |
September 30, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.43
= 150.03
The days of inventory on hand (DOH) for Ashland Inc has shown a fluctuating trend over the past five years. In 2023, the DOH is 150.03 days, which is slightly higher compared to 147.08 days in 2022. This suggests that the company is holding inventory for a longer period, which may indicate inefficiencies in inventory management or changing business dynamics. The increase in DOH from 2021 to 2022 is also noteworthy, signaling a potential shift in the company's inventory management strategy. However, it is important to note that inventory requirements can vary based on the nature of the business and industry dynamics. Further analysis of the company's inventory turnover and industry benchmarks would be valuable in understanding the implications of these changes in DOH.
Peer comparison
Sep 30, 2023