Hillenbrand Inc (HI)
Days of inventory on hand (DOH)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.17 | 3.20 | 3.67 | 4.42 | 7.51 | |
| DOH | days | 115.19 | 114.24 | 99.55 | 82.57 | 48.60 |
September 30, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.17
= 115.19
To analyze Hillenbrand Inc's days of inventory on hand (DOH) over the past five years, we observe a fluctuating trend. The DOH has increased from 54.43 days in 2019 to 115.19 days in 2023, indicating that the company has experienced an increase in the number of days it takes to sell its inventory. This suggests a potential inefficiency in managing inventory levels and sales, leading to longer periods of inventory turnover. The sharp increase from 2022 to 2023 is particularly noteworthy, indicating a significant change in the company's inventory management. Further analysis should be conducted to understand the underlying factors contributing to this trend and to evaluate the potential impact on the company's operational and financial performance.
Peer comparison
Sep 30, 2023