Cencora Inc. (COR)
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 | 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 | 15.77 | 15.32 | 14.96 | |
| DOH | days | 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 | 23.14 | 23.83 | 24.39 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 14.06
= 25.96
To analyze Cencora Inc.'s days of inventory on hand (DOH), we can observe the trend in the DOH over the last few quarters.
The DOH measures the number of days a company holds its inventory before it is sold. A lower DOH indicates that the company is selling its inventory more quickly, which is generally a positive sign as it reduces the risk of obsolescence and improves working capital management.
Looking at the data, we see that the DOH has fluctuated slightly over the past eight quarters, ranging from a low of 24.66 days to a high of 26.24 days. This indicates that Cencora Inc. has been relatively consistent in managing its inventory levels.
In the most recent quarter, the DOH was 25.96 days, which is slightly higher than the DOH in the previous quarter (25.16 days). This indicates that the company took slightly longer to sell its inventory in the most recent quarter compared to the prior quarter.
Overall, while there has been some fluctuation, Cencora Inc.'s DOH has remained relatively stable, suggesting effective inventory management. However, the recent uptick in the DOH may warrant further investigation to ensure efficient inventory turnover in the future.
Peer comparison
Dec 31, 2023