Haynes International Inc (HAYN)
Days of inventory on hand (DOH)
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 1.31 | 1.28 | 1.24 | 1.23 | 1.18 | 1.21 | 1.16 | 1.28 | 1.31 | 1.38 | 1.46 | 1.49 | 1.51 | 1.53 | 1.56 | 1.58 | 1.65 | 1.81 | 1.73 | 1.70 | |
| DOH | days | 278.59 | 285.43 | 294.55 | 296.54 | 309.82 | 301.74 | 315.64 | 284.34 | 279.49 | 264.92 | 250.14 | 244.62 | 241.84 | 238.29 | 233.31 | 230.56 | 221.80 | 201.12 | 210.39 | 215.06 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.31
= 278.59
Days of Inventory on Hand (DOH) for Haynes International Inc. has exhibited some fluctuations over the past eight quarters. The trend shows a general increase in DOH from Q1 2022 to Q4 2022, peaking at 358.00 days in Q3 2022. Subsequently, there was a decrease in DOH in Q1 2023, followed by fluctuating levels throughout 2023 and into Q1 2024. This indicates that the company may have experienced challenges in managing its inventory efficiently, potentially leading to excess inventory levels in some periods. Further investigation into the reasons behind these fluctuations is necessary to determine the underlying causes and to implement appropriate inventory management strategies to optimize working capital and operational efficiency.
Peer comparison
Dec 31, 2023