AptarGroup Inc (ATR)

Days of inventory on hand (DOH)

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Inventory turnover 0.14 0.18 0.18 0.18 0.19 0.15 0.13 0.13 0.11 0.12 0.14 0.15 0.16 1.31 2.51 3.92 5.33 5.28 5.09 5.29
DOH days 2,620.80 2,043.94 2,000.95 2,062.09 1,968.65 2,498.09 2,792.79 2,835.96 3,243.66 3,027.18 2,645.08 2,372.32 2,215.61 277.93 145.65 93.20 68.44 69.06 71.72 68.94

December 31, 2024 calculation

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

The days of inventory on hand (DOH) for AptarGroup Inc have shown a significant fluctuation over the periods provided. The DOH increased gradually from March 31, 2020, to June 30, 2021. However, from that point onwards, there was a sharp and continuous increase in DOH, reaching a peak of 3,243.66 days by December 31, 2022. This sudden spike in inventory days could indicate potential issues with inventory management, such as overstocking or inefficiencies in the supply chain.

Subsequently, there was a gradual decrease in DOH from March 31, 2023, to June 30, 2024, although the levels remained significantly high compared to previous years. The downward trend might suggest efforts to improve inventory turnover and optimize inventory levels. Overall, the analysis of DOH reveals notable fluctuations and a need for AptarGroup Inc to focus on enhancing inventory management practices to ensure optimal levels and maximize operational efficiency.