Hanesbrands Inc (HBI)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 2.47 | 2.73 | 2.03 | 2.62 | 3.23 | |
| DOH | days | 148.02 | 133.51 | 180.08 | 139.33 | 113.01 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.47
= 148.02
The days of inventory on hand (DOH) for Hanesbrands Inc has shown fluctuations over the years. In December 2020, the DOH stood at 113.01 days, indicating that on average, the company held inventory for approximately 113 days before selling it. By December 2021, the DOH increased to 139.33 days, suggesting a slower inventory turnover rate compared to the previous year.
Subsequently, in December 2022, the DOH spiked to 180.08 days, signifying a significant increase in the number of days it took for Hanesbrands Inc to convert its inventory into sales. The company managed to lower its DOH to 133.51 days by the end of December 2023, indicating some improvement in inventory management practices.
However, by December 2024, the DOH rose again to 148.02 days, suggesting that Hanesbrands Inc might be facing challenges in efficiently managing its inventory levels. Overall, the trend in the DOH indicates fluctuations in inventory turnover over the years, which could impact the company's liquidity and profitability levels.