The Hain Celestial Group Inc (HAIN)

Days of inventory on hand (DOH)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Inventory turnover		6.66	6.15	5.77	6.46	7.86
DOH	days	54.82	59.33	63.27	56.49	46.43

June 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.66
= 54.82

The days of inventory on hand (DOH) for The Hain Celestial Group Inc have exhibited a fluctuating trend over the past five years.

The company's DOH was 54.82 days as of June 30, 2024, which indicates that, on average, the company held inventory for approximately 54.82 days before it was sold. This represents a slight improvement compared to the previous year's DOH of 59.33 days.

Looking back over the past five years, there has been some variability in the DOH metric. In 2022, the DOH was at its highest point at 63.27 days, suggesting that the company was holding inventory for a longer period before it was converted into sales. This was followed by a decrease in 2023 to 59.33 days.

In contrast, in 2020, the DOH was at its lowest point at 46.43 days, indicating a more efficient management of inventory levels. Over the subsequent years, the DOH has been gradually increasing, reaching the current level of 54.82 days.

Overall, monitoring the DOH metric can provide insights into the company's inventory management efficiency and the ability to convert inventory into sales in a timely manner. Further analysis and comparison with industry benchmarks could help in evaluating the company's performance and identifying areas for improvement.