Hanesbrands Inc (HBI)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.00 | 2.95 | 3.96 | 4.54 | 3.28 | |
| DOH | days | 91.31 | 123.61 | 92.08 | 80.33 | 111.18 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.00
= 91.31
Hanesbrands Inc's days of inventory on hand (DOH) has fluctuated over the past five years. In 2023, the company had 91.31 days of inventory on hand, a decrease from the previous year's 123.61 days. This indicates that the company was able to manage its inventory more efficiently in 2023.
Comparing 2023 to 2022, the decrease in DOH suggests that Hanesbrands may have improved its inventory management practices, possibly through better demand forecasting or streamlining its supply chain.
Looking further back, the DOH in 2023 was also lower than in 2020 and 2019, indicating a trend towards more efficient inventory turnover over the years. However, compared to 2021, the DOH in 2023 was slightly higher, suggesting a potential increase in inventory levels or a slower inventory turnover rate.
Overall, the trend in Hanesbrands Inc's days of inventory on hand shows a mix of improvements and fluctuations, indicating varying levels of efficiency in managing its inventory over the past five years. Continued monitoring of this metric is essential to ensure optimal inventory management practices.