Hillenbrand Inc (HI)
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 | 3.21 | 3.16 | 3.13 | 2.88 | 2.73 | 3.20 | 2.50 | 2.80 | 3.27 | 3.67 | 4.50 | 4.62 | 4.52 | 4.42 | 3.70 | 3.47 | 2.98 | 7.51 | 6.30 | 6.34 | |
| DOH | days | 113.78 | 115.58 | 116.70 | 126.55 | 133.94 | 114.24 | 146.02 | 130.54 | 111.58 | 99.55 | 81.20 | 79.03 | 80.71 | 82.57 | 98.67 | 105.28 | 122.61 | 48.60 | 57.94 | 57.56 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.21
= 113.78
Hillenbrand Inc's Days of Inventory on Hand (DOH) has shown a fluctuating trend over the past eight quarters. In Q1 2024, the DOH was at 113.40 days, which was slightly lower than the previous quarter's DOH of 115.19 days in Q4 2023. This suggests that the company held inventory for a slightly shorter period in Q1 2024.
Looking further back, the DOH was relatively consistent around the 110-115 days range in Q3 2023, Q2 2023, and Q1 2023. However, there was a noticeable increase from Q1 2023 to Q4 2022, where the DOH rose from 111.31 days to 98.09 days, indicating a decrease in the days it took for the company to sell its inventory.
The lowest DOH was recorded in Q2 2022 at 89.04 days, which was significantly lower compared to the rest of the quarters in the dataset. This suggests that the company managed its inventory efficiently during that period, possibly through better inventory management practices or increased sales volume.
Overall, while there have been fluctuations in Hillenbrand Inc's DOH over the quarters, the trend shows some level of variability in inventory management effectiveness. Further analysis would be needed to determine the specific factors contributing to these fluctuations and whether they align with the company's overall strategic goals and industry benchmarks.
Peer comparison
Dec 31, 2023