Catalent Inc (CTLT)

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		6.25	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
DOH	days	58.39	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

September 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.25
= 58.39

The days of inventory on hand (DOH) for Catalent Inc have shown fluctuating trends over the past few years. In general, the company has experienced a range of DOH values, indicating varying efficiency in managing its inventory levels.

From December 2019 to March 2020, there was a decrease in DOH from 55.14 days to 32.12 days, suggesting improved inventory management efficiency during this period. This trend continued into June 2020 when DOH decreased further to 27.78 days, indicating the company's ability to control inventory levels more effectively.

However, from September 2020 to March 2021, there was a significant increase in DOH from 27.78 days to 41.38 days, and then to 77.66 days, indicating a potential buildup of inventory or challenges in managing inventory during this period.

In the most recent data available, DOH for September 2024 stands at 58.39 days, showing a decrease from the previous quarters. This suggests that Catalent Inc may be improving its inventory management practices to achieve a more optimal balance between holding inventory and meeting customer demand.

Overall, Catalent Inc's DOH has exhibited fluctuations over the past few years, indicating changes in the company's inventory management performance. Further analysis and comparison with industry benchmarks could provide additional insights into the company's inventory efficiency.