Cabot Corporation (CBT)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 5.50 | 5.45 | 5.44 | 4.94 | 5.29 | 5.48 | 5.46 | 4.90 | 5.17 | 4.92 | 4.83 | 5.18 | 4.99 | 4.94 | 4.94 | 5.16 | 5.89 | 5.72 | 5.28 | 5.39 | |
| DOH | days | 66.41 | 66.99 | 67.08 | 73.89 | 69.06 | 66.61 | 66.84 | 74.48 | 70.54 | 74.12 | 75.53 | 70.50 | 73.14 | 73.88 | 73.95 | 70.68 | 61.98 | 63.81 | 69.19 | 67.69 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.50
= 66.41
Cabot Corporation's days of inventory on hand (DOH) have shown some fluctuations over the past several quarters. The DOH ranged from a low of 61.98 days as of September 30, 2020, to a high of 75.53 days as of March 31, 2022. The company appears to have made efforts to manage its inventory levels given the variability seen in the DOH metric.
It is noteworthy that the DOH trended downwards in the more recent quarters, from 73.95 days as of March 31, 2021, to 66.41 days as of September 30, 2024. This improvement indicates that Cabot Corporation may have become more efficient in managing its inventory or experienced increased sales relative to its inventory levels.
Overall, a lower DOH signifies that the company is selling inventory faster or maintaining leaner inventory levels. However, it is essential to consider industry norms and specific business circumstances when evaluating the significance of this trend in Cabot Corporation's DOH.
Peer comparison
Sep 30, 2024