Fortrea Holdings Inc. (FTRE)

Days of inventory on hand (DOH)

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024
Inventory turnover — — — 40.14
DOH days — — — 9.09

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The days of inventory on hand (DOH) for Fortrea Holdings Inc. as of March 31, 2024, stood at 9.09 days. DOH indicates the number of days a company holds its inventory before it gets sold. A lower DOH value typically suggests efficient inventory management, as the company can convert its inventory into sales relatively quickly.

The absence of data for the subsequent quarters, June 30, 2024, September 30, 2024, and December 31, 2024, may indicate a lack of available information or the company's choice not to disclose the DOH figures for those periods. This absence makes it challenging to assess the trend in inventory management efficiency over the year.

In isolation, the DOH of 9.09 days in March 2024 suggests that Fortrea Holdings Inc. was holding inventory for approximately 9 days before selling, which could be interpreted as a moderate level of inventory turnover efficiency. However, without additional data points, it is difficult to determine if this efficiency was maintained or improved upon throughout the year. Further information would be needed to provide a comprehensive analysis of Fortrea's inventory management performance.