Hillenbrand Inc (HI)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.05 | 3.61 | 3.43 | 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 | |
| DOH | days | 90.16 | 101.01 | 106.31 | 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 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.05
= 90.16
Days of Inventory on Hand (DOH) is a key financial ratio used to assess how efficiently a company is managing its inventory. It indicates the average number of days it takes for a company to sell its entire inventory. A lower DOH value is generally preferred as it suggests faster turnover and better inventory management.
Analyzing the trend in Hillenbrand Inc's DOH over the past few quarters, we observe fluctuations in the ratio. The trend shows some variability, indicating potential changes in the company's inventory management effectiveness.
As of September 30, 2024, Hillenbrand Inc had a DOH of 90.16 days, which was lower compared to the previous quarter (101.01 days). This decrease suggests that the company was able to sell its inventory at a faster rate in the recent quarter. However, it is important to monitor if this trend continues in the upcoming periods.
Looking further back, over the past few years, Hillenbrand Inc's DOH has experienced fluctuations, with some quarters showing higher values while others showing lower values. This variability may be influenced by factors such as seasonality, changes in demand, production efficiency, and inventory management policies.
Overall, analyzing Hillenbrand Inc's DOH provides insights into the company's inventory management efficiency and can help identify areas for improvement. It is essential for the company to consistently monitor and optimize its inventory turnover to maintain a healthy balance between carrying costs and meeting customer demand efficiently.
Peer comparison
Sep 30, 2024