Cencora Inc. (COR)
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 | 14.95 | 14.98 | 15.14 | 14.06 | 14.51 | 14.58 | 14.10 | 13.91 | 14.80 | 14.41 | 14.27 | 13.11 | 13.47 | 13.21 | 14.72 | 14.35 | 14.67 | 15.30 | 16.31 | 15.14 | |
| DOH | days | 24.41 | 24.37 | 24.10 | 25.96 | 25.16 | 25.03 | 25.88 | 26.24 | 24.66 | 25.34 | 25.58 | 27.85 | 27.09 | 27.63 | 24.79 | 25.43 | 24.88 | 23.86 | 22.37 | 24.10 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 14.95
= 24.41
The days of inventory on hand (DOH) for Cencora Inc. have remained relatively stable over the periods analyzed. The company has consistently managed to keep its inventory turnover at a level where it takes around 24 to 26 days to sell its inventory. This suggests that Cencora has been effective in managing its inventory levels and ensuring efficient sales of goods.
A lower DOH indicates faster turnover and better liquidity, as the company is able to sell its inventory quicker. On the other hand, a higher DOH may suggest slower sales or potential issues with inventory management. In the case of Cencora Inc., the average DOH falls within the range of 24 to 26 days, which is generally considered healthy for many industries.
It is important for Cencora Inc. to continue monitoring its inventory turnover and adjusting its inventory levels to optimize efficiency and profitability. By maintaining a consistent DOH within an optimal range, the company can effectively manage its working capital and operating cycle. Overall, the consistent DOH levels indicate good inventory management practices at Cencora Inc.
Peer comparison
Sep 30, 2024