Ashland Global Holdings Inc (ASH)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.74 | 2.89 | 2.81 | 2.62 | 2.43 | 2.19 | 2.18 | 2.17 | 2.48 | 2.53 | 2.63 | 2.78 | 3.05 | 2.49 | 2.53 | 2.53 | 2.80 | 2.17 | 2.29 | 2.30 | |
| DOH | days | 133.06 | 126.42 | 129.85 | 139.54 | 150.03 | 167.02 | 167.37 | 168.32 | 147.08 | 144.34 | 138.87 | 131.51 | 119.81 | 146.74 | 144.42 | 144.33 | 130.34 | 167.94 | 159.64 | 159.01 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.74
= 133.06
Days of Inventory on Hand (DOH) is a financial ratio that measures how many days, on average, a company holds inventory before selling it. A lower DOH indicates that a company is managing its inventory more efficiently, while a higher DOH may signal excess or slow-moving inventory.
Analyzing the trend of Ashland Global Holdings Inc's DOH over the past few quarters, we observe fluctuations in the ratio. The DOH ranged from 119.81 days to 167.37 days over the last eight quarters, indicating some variability in the company's inventory management.
In the most recent quarter, as of September 30, 2024, Ashland Global Holdings Inc had a DOH of 133.06 days. This represents a decrease from the previous quarter's DOH of 126.42 days. While the current DOH is higher than the lowest point observed in the past eight quarters, it is lower than some of the peak levels recorded over the same period.
It is essential for Ashland Global Holdings Inc to closely monitor its inventory levels and work towards optimizing its inventory management practices to achieve a more consistent and efficient DOH. By effectively controlling inventory levels, the company can improve cash flow, reduce holding costs, and enhance overall operational efficiency.
Peer comparison
Sep 30, 2024