AdvanSix Inc (ASIX)

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		6.93	6.27	6.94	7.48	7.99	11.07	10.77	9.51	9.99	9.88	9.32	8.07	6.08	4.59	4.44	5.84	5.36	7.80	9.62	9.73
DOH	days	52.67	58.21	52.62	48.77	45.66	32.96	33.89	38.37	36.54	36.96	39.15	45.24	59.99	79.44	82.15	62.52	68.11	46.77	37.94	37.53

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.93
= 52.67

The days of inventory on hand (DOH) for AdvanSix Inc has shown a fluctuating trend over the past eight quarters. In Q4 2023, AdvanSix had inventory on hand for approximately 56.50 days, marking a decrease from the previous quarter. This indicates that the company is able to sell its inventory within a shorter period compared to Q3 2023. However, the DOH in Q4 2023 is higher than the levels seen in the same quarter of the previous year.

Overall, the trend in DOH suggests some variability in the company's inventory management efficiency over the past two years. It is important for AdvanSix to monitor and manage its inventory levels effectively to ensure optimal utilization of resources and to avoid potential inventory obsolescence or carrying costs.