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

Company name
Symbol
DOH
Church & Dwight Company Inc
CHD
68.26
Ecolab Inc
ECL
40.64
Procter & Gamble Company
PG
39.32
Stepan Company
SCL
44.08