Ashland Global Holdings Inc (ASH)
Days of inventory on hand (DOH)
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 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 | 2.51 | 2.96 | 2.95 | |
| DOH | days | 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 | 145.56 | 123.18 | 123.66 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.62
= 139.54
The days of inventory on hand (DOH) for Ashland Inc have exhibited fluctuations over the past eight quarters, indicating changes in the company's inventory management efficiency. The DOH ranged from a low of 139.54 days to a high of 168.32 days during this period.
The trend suggests that the company experienced a slight increase in DOH in the first and second quarters of 2022, followed by a significant decrease in the third quarter. However, in the fourth quarter of 2022, the DOH increased again before declining in the first quarter of 2023. Subsequently, it increased in the second and third quarters of 2023.
These fluctuations may suggest that Ashland Inc faced challenges in optimizing its inventory levels and may indicate inefficiencies or changing demand patterns for its products. It would be prudent for the company to closely monitor inventory management practices to ensure that optimal levels are maintained, thereby minimizing carrying costs and potential obsolescence.
Peer comparison
Dec 31, 2023