Hanesbrands Inc (HBI)

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		3.62	3.41	2.86	2.67	2.89	2.76	2.83	3.35	3.89	4.09	4.41	4.51	4.78	2.98	3.34	3.08	2.71	2.25	1.91	1.89
DOH	days	100.76	107.13	127.61	136.95	126.40	132.15	128.77	109.01	93.71	89.33	82.81	80.92	76.41	122.39	109.42	118.69	134.63	161.89	190.74	192.87

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.62
= 100.76

The Days of Inventory on Hand (DOH) for Hanesbrands Inc has fluctuated over the past few years. In the most recent quarter, the company had 100.76 days of inventory on hand, indicating that it takes approximately 100.76 days for the company to sell its current inventory.

Looking at the trend over the past several quarters, there was a noticeable increase in DOH in the first half of 2023, reaching a peak of 136.95 days in March 2023. This suggests potential issues with inventory management or slower inventory turnover during that period.

However, in the last two quarters of 2023, the DOH decreased to around 100-110 days, which could indicate more efficient inventory management or increased sales. The DOH in December 2023 was lower than the same period in the previous year, showing improvement in inventory turnover efficiency.

Overall, it is important for Hanesbrands Inc to continue monitoring its DOH ratio to ensure optimal inventory management and efficiency in aligning inventory levels with sales demand.