Equifax Inc (EFX)
Days of inventory on hand (DOH)
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Inventory turnover | — | 30.28 | 34.93 | 33.15 | 43.62 | |
DOH | days | — | 12.06 | 10.45 | 11.01 | 8.37 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
Days of Inventory on Hand (DOH) is a financial ratio that measures the average number of days it takes for a company to sell its inventory. A lower DOH is generally favorable as it indicates that the company is efficiently managing its inventory.
Without the specific numerical values for Equifax, Inc.'s DOH over the years, it is challenging to provide a detailed analysis. However, a trend analysis of the DOH over the five years can offer insights into how Equifax, Inc. is managing its inventory.
If the trend shows a decreasing DOH over the years, it suggests that Equifax, Inc. has been able to sell its inventory more quickly, which could be a positive sign of effective inventory management. Conversely, an increasing trend in DOH may indicate inefficiencies in inventory turnover, potentially leading to excess or obsolete inventory.
To provide a more in-depth analysis, numerical values for the DOH for each year would be required to calculate specific trends and ratios.