AptarGroup Inc (ATR)

Days of inventory on hand (DOH)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Inventory turnover 0.14 0.19 0.11 0.16 5.33
DOH days 2,620.80 1,968.65 3,233.09 2,215.61 68.44

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.14
= 2,620.80

AptarGroup Inc's days of inventory on hand (DOH) has shown significant fluctuations over the years. The DOH was at a relatively normal level of 68.44 days as of December 31, 2020. However, there was a substantial spike to 2,215.61 days by the end of 2021, indicating a notable increase in the average number of days it takes for the company to sell its inventory.

The trend continued with further increases in DOH, reaching 3,233.09 days by December 31, 2022. This suggests that AptarGroup Inc may be facing challenges in effectively managing its inventory levels or experiencing slower inventory turnover.

A slight decrease was observed in 2023, with DOH standing at 1,968.65 days, indicating some improvement in inventory management compared to the previous year. However, the metric rose again to 2,620.80 days by the end of 2024, still significantly higher than the initial levels.

Overall, AptarGroup Inc's DOH trend reflects fluctuations and challenges in inventory management efficiency, potentially impacting its cash flow and operational performance. Further analysis of the company's inventory processes and strategies may be necessary to address these fluctuations and improve performance.