Cabot Corporation (CBT)
Days of inventory on hand (DOH)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.29 | 5.17 | 4.99 | 5.89 | 5.69 | |
| DOH | days | 69.06 | 70.54 | 73.14 | 61.98 | 64.14 |
September 30, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.29
= 69.06
The days of inventory on hand (DOH) for Cabot Corp. have exhibited fluctuations over the past five years. In 2019, the DOH was 64.14 days, which increased to 73.14 days in 2021 before decreasing to 69.06 days in 2023. This indicates a fluctuating trend in the company's management of inventory. Generally, a lower DOH is preferred as it reflects efficient inventory management and turnover. However, it is essential to consider the nature of Cabot Corp.'s business and industry standards when evaluating the significance of these changes. Further analysis and comparison with industry benchmarks would provide a clearer understanding of the company's inventory management efficiency.
Peer comparison
Sep 30, 2023