Darling Ingredients Inc (DAR)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 9.45 | 8.20 | 8.75 | 9.20 | 8.51 | |
| DOH | days | 38.63 | 44.52 | 41.70 | 39.67 | 42.88 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.45
= 38.63
The days of inventory on hand (DOH) for Darling Ingredients Inc have shown some fluctuations over the past five years.
As of December 31, 2020, the company had around 42.88 days of inventory on hand, indicating that it took approximately 42.88 days to sell its inventory. By December 31, 2021, the DOH decreased to 39.67 days, suggesting an improvement in inventory turnover efficiency.
However, by December 31, 2022, the DOH increased slightly to 41.7 days, indicating that it took a bit longer to sell off the inventory compared to the previous year. This trend continued into December 31, 2023, where the DOH further increased to 44.52 days, reflecting a potential inefficiency in managing inventory levels.
The most recent data as of December 31, 2024, shows a decrease in DOH to 38.63 days, which may suggest that the company took steps to streamline its inventory management processes.
Overall, the trend in DOH for Darling Ingredients Inc indicates some variability in inventory management efficiency over the years, with efforts needed to enhance inventory turnover rates and optimize working capital utilization.
Peer comparison
Dec 31, 2024