Coty Inc (COTY)
Days of inventory on hand (DOH)
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 7.14 | 7.04 | 6.82 | 6.06 | 5.74 | 6.09 | 6.60 | 7.02 | 7.41 | 7.43 | 7.90 | 7.07 | 6.86 | 5.61 | 6.61 | 6.97 | 8.61 | 11.06 | 10.60 | 10.26 | |
| DOH | days | 51.10 | 51.84 | 53.54 | 60.27 | 63.63 | 59.93 | 55.29 | 52.02 | 49.26 | 49.14 | 46.19 | 51.62 | 53.22 | 65.08 | 55.20 | 52.38 | 42.37 | 33.00 | 34.42 | 35.57 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.14
= 51.10
The days of inventory on hand (DOH) for Coty Inc have fluctuated over the past few quarters. The trend indicates that the company is holding onto inventory for an average of around 50 to 60 days, with some variations seen in specific quarters.
In the most recent quarter, ended June 30, 2024, Coty Inc had an average of 51.10 days of inventory on hand, a slight decrease from the previous quarter. It suggests that the company is managing its inventory efficiently, as a lower DOH indicates a quicker turnover of inventory.
Looking back over the past few years, there have been instances of higher DOH values, such as in March 2021 and March 2020, where the figures exceeded 60 days. This could indicate potential issues with inventory management during those periods.
Overall, monitoring the DOH ratio can provide insights into Coty Inc's inventory management practices and efficiency in turning inventory into sales. It is essential for the company to strike a balance in maintaining adequate inventory levels to meet demand while avoiding excess stock that could tie up capital and lead to potential obsolescence.
Peer comparison
Jun 30, 2024