Hanesbrands Inc (HBI)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	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
Inventory turnover		2.63	2.84	3.33	2.45	2.48	2.35	1.98	1.84	2.03	1.93	1.96	2.33	2.62	2.91	3.16	3.28	3.23	1.93	2.12	2.10
DOH	days	139.02	128.65	109.50	148.71	147.44	155.13	184.33	198.51	180.08	188.99	185.77	156.81	139.33	125.45	115.37	111.44	113.01	189.34	172.36	173.64

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.63
= 139.02

The days of inventory on hand (DOH) for Hanesbrands Inc has fluctuated over the disclosed periods. It stood at relatively high levels of 173.64 days as of March 31, 2020, and increased further to 189.34 days by September 30, 2020. Subsequently, there was a notable decrease in DOH to 113.01 days by the end of December 31, 2020, and remained relatively low around 111 to 115 days through March 31, 2021, and June 30, 2021.

However, there was an upward trend in DOH beginning from September 30, 2021, peaking at 198.51 days on March 31, 2023. This significant increase was followed by a slight decrease to 109.50 days as of June 30, 2024, indicating a potential improvement in inventory management efficiency. DOH increased marginally to 139.02 days by December 31, 2024.

Overall, the analysis of Hanesbrands Inc's DOH indicates fluctuations in inventory management efficiency over time. Movements in DOH can be influenced by various factors such as sales trends, production capacity, supply chain disruptions, and inventory control policies. Companies typically aim to strike a balance in managing inventory effectively to avoid stockouts, minimize carrying costs, and optimize cash flow.