Cencora Inc. (COR)
Days of inventory on hand (DOH)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 14.95 | 14.51 | 14.80 | 13.47 | 14.67 | |
| DOH | days | 24.41 | 25.16 | 24.66 | 27.09 | 24.88 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 14.95
= 24.41
The days of inventory on hand (DOH) for Cencora Inc. has shown a slight fluctuation over the past five years. In 2024, the DOH decreased to 24.41 days compared to 25.16 days in 2023, indicating a more efficient management of inventory levels. However, this is in line with the general trend seen since 2021, where the DOH has been gradually decreasing from 27.09 days to 24.41 days in 2024.
A lower DOH value generally signifies that the company is selling its inventory more quickly, which can be a positive indicator of effective inventory management. Cencora Inc. should continue to monitor its inventory turnover and ensure that the decreasing trend in DOH does not compromise its ability to meet customer demand or affect production processes.
Peer comparison
Sep 30, 2024