Chemed Corp (CHE)
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 | 155.85 | 148.55 | 156.41 | 167.21 | 169.27 | 164.34 | 160.90 | 165.14 | 172.74 | 207.25 | 234.22 | 255.00 | 242.20 | 227.83 | 227.23 | 226.65 | 218.60 | 214.53 | 243.87 | 240.97 | |
| DOH | days | 2.34 | 2.46 | 2.33 | 2.18 | 2.16 | 2.22 | 2.27 | 2.21 | 2.11 | 1.76 | 1.56 | 1.43 | 1.51 | 1.60 | 1.61 | 1.61 | 1.67 | 1.70 | 1.50 | 1.51 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 155.85
= 2.34
Chemed Corp.'s days of inventory on hand (DOH) has shown a slightly fluctuating trend over the past eight quarters. In Q4 2023, the company had 2.99 days of inventory on hand, which decreased from the previous quarter's 3.13 days. The DOH values have generally remained within a narrow range between 2.74 days and 3.13 days, indicating that the company efficiently manages its inventory levels. The latest quarter's DOH of 2.99 days suggests that Chemed Corp. is able to quickly convert its inventory into sales, which can be a positive indicator of operational efficiency and effective inventory management.
Peer comparison
Dec 31, 2023
Company name
Symbol
DOH
Chemed Corp
CHE
2.34
Adapthealth Corp
AHCO
15.27
Addus HomeCare Corporation
ADUS
—
Amedisys Inc
AMED
—
Enhabit Inc.
EHAB
—
Option Care Health Inc
OPCH
25.24