The Ensign Group Inc (ENSG)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | 541.66 | — | — | |
| DOH | days | — | — | 0.67 | — | — |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) for The Ensign Group Inc provides insight into the efficiency of managing inventory. Based on the data provided, the company had 0.67 days of inventory on hand as of December 31, 2022. This indicates that the company is able to quickly turn its inventory into sales, potentially reducing carrying costs and minimizing the risk of obsolescence.
However, it is important to note that DOH alone may not provide a complete picture of the company's inventory management practices. Further analysis considering industry benchmarks and trends over time would be beneficial to fully assess the effectiveness of The Ensign Group Inc's inventory management strategies.
Peer comparison
Dec 31, 2024