Darling Ingredients Inc (DAR)
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 | 8.01 | 7.62 | 7.69 | 7.44 | 8.74 | 8.41 | 8.38 | 9.08 | 9.20 | 8.50 | 8.94 | 8.50 | 8.51 | 8.07 | 8.33 | 8.61 | 9.01 | 9.24 | 9.30 | 9.56 | |
| DOH | days | 45.56 | 47.90 | 47.44 | 49.06 | 41.76 | 43.41 | 43.55 | 40.19 | 39.67 | 42.95 | 40.84 | 42.93 | 42.88 | 45.22 | 43.84 | 42.37 | 40.53 | 39.49 | 39.24 | 38.20 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.01
= 45.56
Based on the data provided, the days of inventory on hand (DOH) for Darling Ingredients Inc have fluctuated over the past several quarters.
The DOH indicates the number of days a company holds its average inventory before selling it. A higher DOH could suggest slower inventory turnover, potentially leading to higher holding costs and the risk of obsolescence.
In the latest quarter, the DOH was 45.56 days, reflecting a slight decrease from the previous quarter's 47.90 days. This could imply an improvement in inventory management efficiency during the period.
Looking at the trend over the past few quarters, DOH ranged from a low of 38.20 days to a high of 49.06 days. The variability in DOH might indicate fluctuations in sales volume, seasonality in demand, or changes in inventory management practices.
It would be essential for Darling Ingredients Inc to continue monitoring and optimizing its inventory levels to ensure efficient operations, minimize carrying costs, and maintain a competitive position in the market.
Peer comparison
Dec 31, 2023