Avantor Inc (AVTR)

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		6.16	5.81	5.69	5.62	5.56	5.45	5.27	5.31	5.37	5.51	5.42	5.55	5.60	5.73	5.60	5.75	5.83	5.68	5.53	6.02
DOH	days	59.28	62.77	64.18	64.92	65.66	67.01	69.21	68.68	67.91	66.21	67.32	65.79	65.18	63.75	65.13	63.52	62.59	64.23	66.03	60.61

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.16
= 59.28

The days of inventory on hand (DOH) ratio for Avantor Inc has shown some fluctuations over the past few years. From March 31, 2020, to December 31, 2021, the DOH remained relatively stable, ranging between 60.61 days and 65.18 days. This could indicate that Avantor was effectively managing its inventory levels during this period.

However, from March 31, 2022, there was a gradual increase in the DOH ratio, reaching a peak of 69.21 days on June 30, 2023. This increase could suggest that Avantor was holding onto its inventory for a longer period, which may tie up working capital and potentially lead to increased carrying costs.

Subsequently, there was a slight drop in the DOH ratio by December 31, 2024, to 59.28 days. This decrease might indicate that Avantor was able to manage its inventory more efficiently during that period, possibly through improved inventory management practices or increased sales.

Overall, the trend in Avantor's DOH ratio suggests fluctuations in inventory management efficiency over the analyzed period, with potential impacts on working capital and operational costs. Monitoring this ratio can provide insights into Avantor's inventory control strategies and their effectiveness in optimizing inventory levels.