Armstrong World Industries Inc (AWI)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 14.56 | 13.05 | 15.05 | 13.59 | 16.64 | |
| DOH | days | 25.06 | 27.97 | 24.25 | 26.86 | 21.94 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 14.56
= 25.06
The days of inventory on hand (DOH) for Armstrong World Industries Inc. have fluctuated over the past five years. In 2023, the company had 47.56 days of inventory on hand, which was a decrease from the previous year's DOH of 51.21 days in 2022. This indicates that the company was able to manage its inventory more efficiently in 2023 compared to 2022.
Looking further back, we see that the DOH was 46.97 days in 2021 and 49.27 days in 2020. The company's inventory management improved in 2021 but worsened in 2022. In 2019, Armstrong World Industries Inc. had the lowest DOH of 38.88 days, suggesting that the company was able to turn over its inventory more rapidly that year.
Overall, the trend in DOH for Armstrong World Industries Inc. has been somewhat inconsistent, with fluctuations seen from year to year. It is essential for the company to continue monitoring its inventory levels closely to ensure optimal efficiency in managing its inventory turnover.
Peer comparison
Dec 31, 2023