AdvanSix Inc (ASIX)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		6.43	6.46	7.57	9.43	5.69
DOH	days	56.81	56.50	48.22	38.70	64.18

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.43
= 56.81

The days of inventory on hand (DOH) for AdvanSix Inc have shown some fluctuations over the past five years.

- As of December 31, 2020, AdvanSix Inc had inventory on hand for an average of 64.18 days, indicating that the company was carrying a significant amount of inventory relative to its sales.
- By December 31, 2021, the DOH had decreased to 38.70 days, suggesting a more efficient management of inventory or potentially lower inventory levels.
- Subsequently, by December 31, 2022, the DOH increased to 48.22 days, reflecting a slight increase in the amount of inventory on hand relative to sales compared to the previous year.
- By the end of December 31, 2023, the DOH further increased to 56.50 days, indicating a longer period of time that inventory is held by the company before being sold.
- Lastly, as of December 31, 2024, the DOH slightly increased to 56.81 days, potentially indicating a need for AdvanSix Inc to assess and optimize its inventory management practices.

Overall, the trend in DOH for AdvanSix Inc suggests a need for the company to regularly evaluate and adjust its inventory levels to maintain an optimal balance between holding too much inventory and risking obsolescence, and holding too little inventory and risking stockouts.