The Hain Celestial Group Inc (HAIN)

Days of inventory on hand (DOH)

		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	Dec 31, 2019	Sep 30, 2019
Inventory turnover		6.66	6.67	6.74	6.15	6.15	5.96	5.42	5.62	5.77	5.89	5.90	6.34	6.46	4.62	4.91	5.15	5.96	6.25	5.41	5.39
DOH	days	54.82	54.74	54.16	59.33	59.33	61.28	67.38	64.98	63.27	61.95	61.84	57.59	56.49	79.06	74.26	70.90	61.19	58.39	67.45	67.68

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 been relatively stable over the past few quarters, ranging from 54 to 60 days. However, there was a noticeable increase in DOH during the first quarter of 2021 and the fourth quarter of 2021, reaching a peak of 79.06 days during the first quarter of 2021. This increase suggests that the company may have been carrying excess inventory during those periods.

Subsequently, the company managed to reduce its inventory levels, as reflected in the decreasing DOH figures in the following quarters. This indicates a more efficient management of inventory, which can help improve the company's liquidity and profitability by reducing holding costs and minimizing the risk of obsolete inventory.

Overall, a lower DOH is generally favorable as it indicates that the company is turning over its inventory more quickly, potentially leading to higher sales and better cash flow. The trend of decreasing DOH for The Hain Celestial Group Inc in recent quarters suggests an improvement in inventory management efficiency, which could positively impact the company's financial performance.