Church & Dwight Company Inc (CHD)
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 | 5.35 | 4.86 | 4.77 | 4.88 | 4.83 | 4.56 | 4.59 | 4.98 | 5.47 | 5.21 | 5.07 | 5.06 | 5.41 | 5.15 | 5.42 | 6.15 | 5.69 | 6.05 | 5.85 | 5.82 | |
| DOH | days | 68.26 | 75.06 | 76.46 | 74.78 | 75.51 | 80.04 | 79.49 | 73.26 | 66.77 | 70.12 | 71.92 | 72.20 | 67.43 | 70.85 | 67.32 | 59.36 | 64.18 | 60.30 | 62.38 | 62.73 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.35
= 68.26
To analyze Church & Dwight Co., Inc.'s days of inventory on hand (DOH) based on the provided data, we observe fluctuations in the DOH metric over the past eight quarters.
The trend indicates that the company's inventory management efficiency improved in Q4 2023 with DOH decreasing to 68.26 days from 75.06 days in the previous quarter. This lower DOH value suggests that Church & Dwight Co., Inc. is holding less inventory on hand, which can be a positive sign of effective inventory control and faster sales turnover.
Comparing Q4 2023 to the same period in the previous year (Q4 2022), the company has also managed to reduce its DOH from 75.51 days to 68.26 days, indicating a year-over-year improvement in inventory management efficiency.
Overall, a decreasing trend in DOH is generally favorable as it signifies that the company is able to sell its inventory faster or maintain a leaner inventory position. However, it is important to consider various factors such as seasonality, industry norms, and business strategies to fully evaluate the implications of fluctuations in inventory days on hand for Church & Dwight Co., Inc.
Peer comparison
Dec 31, 2023