AptarGroup Inc (ATR)
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 | 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 | 5.28 | 5.24 | 5.00 | 5.09 | |
| DOH | days | 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 | 69.09 | 69.71 | 73.06 | 71.76 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.19
= 1,968.65
The days of inventory on hand (DOH) for Aptargroup Inc. fluctuated over the past eight quarters, ranging from a low of 78.20 days to a high of 86.11 days. The trend appears to show a slight increase in the DOH metric in recent quarters, with the latest value reported at 84.20 days for Q4 2023. This indicates that, on average, the company held its inventory for approximately 84.20 days before selling it during the most recent quarter.
A higher number of days of inventory on hand may suggest that the company is facing challenges in managing its inventory efficiently, potentially leading to increased carrying costs and tying up valuable working capital. On the other hand, a lower DOH may imply more efficient inventory management, allowing for quicker turnover and potentially lower holding costs.
It is crucial for Aptargroup Inc. to monitor its inventory levels closely to optimize its working capital efficiency, improve cash flow, and meet customer demand effectively. Further analysis and comparison with industry benchmarks could provide additional insights into the company's inventory management performance.
Peer comparison
Dec 31, 2023