Element Solutions Inc (ESI)
Days of inventory on hand (DOH)
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 5.31 | 5.77 | 4.92 | 4.13 | 4.38 | 4.73 | 4.39 | 4.38 | 4.74 | 5.49 | 5.33 | 4.82 | 4.78 | 5.24 | 4.24 | 4.44 | 4.61 | 5.26 | 4.80 | 4.75 | |
| DOH | days | 68.68 | 63.23 | 74.16 | 88.33 | 83.31 | 77.12 | 83.13 | 83.39 | 77.01 | 66.45 | 68.51 | 75.80 | 76.30 | 69.60 | 86.00 | 82.20 | 79.22 | 69.43 | 76.04 | 76.77 |
March 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.31
= 68.68
The days of inventory on hand (DOH) for Element Solutions Inc. exhibits notable fluctuations over the analyzed periods. Starting from approximately 76.77 days as of June 30, 2020, the DOH remained relatively stable through September 2020, at around 76.04 days. A decreasing trend is observed into the end of 2020, with DOH declining to approximately 69.43 days by December 31, 2020.
In the subsequent quarters of 2021, the DOH increased, reaching 79.22 days by March 31, 2021, and further rising to 82.20 days by June 30, 2021. The upward trend continued into September 2021, with DOH at 86.00 days, indicating an increased holding period for inventory. Nevertheless, a significant reduction occurred in the last quarter of 2021, with the DOH decreasing to 69.60 days by December 31, 2021.
During 2022, the DOH demonstrated some volatility but generally hovered around the mid-70s to low-80s range. Specifically, it was 76.30 days as of March 31, 2022, slightly decreased to 75.80 days at June 30, 2022, then further reduced to 68.51 days by September 2022, and to 66.45 days by December 2022.
In 2023, the inventory days showed a rising pattern once more, reaching 77.01 days at the end of March, with a peak of 83.39 days at the end of June. The latter part of 2023 recorded stable but elevated figures, with 83.13 days at September 30, 2023, and 77.12 days at December 31, 2023. The trend into early 2024 signals an increase in DOH, with 83.31 days as of March 31, 2024, and peaking at 88.33 days at June 30, 2024.
Subsequently, a decline is observed in the latter months of 2024, with the DOH decreasing to 74.16 days by September 2024 and further to 63.23 days at December 31, 2024. The first quarter of 2025 displays a moderate increase, with DOH at 68.68 days as of March 31, 2025.
Overall, the DOH over the observed period reflects periods of increased inventory holding, notably in mid to late 2021 and mid-2024, interspersed with intervals of reduced inventory levels, particularly towards the end of 2022 and late 2024. This pattern suggests fluctuations in inventory management strategies or shifts in operational needs, with periods of inventory accumulation and clearance aligned with market or supply chain considerations.
Peer comparison
Mar 31, 2025