The Ensign Group Inc (ENSG)
Days of inventory on hand (DOH)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | 136.39 | — | — | — | — | — | — | 541.67 | — | — | — | — | — | — | — | — | — | — | — | |
| DOH | days | — | 2.68 | — | — | — | — | — | — | 0.67 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
Based on the provided data, The Ensign Group Inc's days of inventory on hand (DOH) experienced fluctuations over the years but generally remained low. The DOH was not available for most of the periods, indicating that specific inventory data might not have been disclosed or calculated in the financial statements.
However, there was a notable increase in the DOH to 0.67 days as of December 31, 2022, which suggests the company had a very efficient inventory management system in place at that time, with minimal excess inventory on hand. This low DOH indicates that the company was able to quickly convert its inventory into sales, reducing the risk of obsolete inventory or storage costs.
Subsequently, there was a significant spike in DOH to 2.68 days as of September 30, 2024. This increase could indicate a shift in inventory management practices, potentially leading to slower inventory turnover or stocking up on inventory due to changes in demand or supply chain disruptions.
Overall, The Ensign Group Inc's DOH shows variability over time, with a mix of periods where inventory turnover was very efficient and others where it was less so.
Peer comparison
Dec 31, 2024