Catalent Inc (CTLT)

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		5.97	4.52	4.34	4.11	4.15	4.31	3.91	4.44	4.54	4.60	4.29	4.42	4.70	8.82	9.74	11.36	13.14	6.62	7.47	7.17
DOH	days	61.12	80.82	84.11	88.80	87.99	84.65	93.27	82.18	80.37	79.29	85.15	82.56	77.66	41.38	37.49	32.12	27.78	55.14	48.87	50.93

June 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.97
= 61.12

The days of inventory on hand (DOH) for Catalent Inc have fluctuated over the past few quarters. In the most recent quarter, ending June 30, 2024, the company had 61.12 days of inventory on hand, which was a decrease from the previous quarter's 80.82 days. This indicates that the company was able to manage its inventory more efficiently during this period.

Looking back over the last few years, there has been some variability in the DOH metric, with peaks observed in December 2022 (93.27 days) and September 2023 (88.80 days). Conversely, there were lower levels of DOH seen in March 2021 (37.49 days) and December 2020 (32.12 days).

Overall, it is important for Catalent Inc to monitor and manage its inventory levels effectively to ensure optimal operational efficiency and cost control. The trend of reducing DOH in the most recent quarter is a positive sign, but continued vigilance and analysis of inventory management practices will be key for sustainable performance.