Allegheny Technologies Incorporated (ATI)
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 | 3.01 | 2.71 | 2.68 | 2.80 | 2.87 | 2.66 | 2.32 | 2.29 | 2.53 | 1.86 | 1.83 | 2.25 | 2.59 | 3.35 | 3.43 | 3.14 | 3.26 | 3.26 | 3.13 | 2.98 | |
| DOH | days | 121.12 | 134.47 | 136.41 | 130.32 | 126.98 | 137.17 | 157.23 | 159.40 | 144.41 | 196.09 | 199.04 | 162.18 | 140.81 | 108.98 | 106.37 | 116.08 | 111.90 | 111.91 | 116.59 | 122.44 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.01
= 121.12
To analyze ATI Inc's Days of Inventory on Hand (DOH), we observe a trend of decreasing DOH over the past four quarters, indicating more efficient inventory management. In Q4 2023, DOH was 135.07 days, down from 148.07 days in Q3 2023. This trend suggests that ATI Inc has been able to convert its inventory into sales more quickly, potentially reducing holding costs and improving cash flow. Comparing to the same quarter last year, Q4 2022 had a DOH of 139.80 days, showing a slight improvement in inventory turnover efficiency. Overall, the decreasing trend in DOH indicates potential improvements in inventory management efficiency at ATI Inc.