HNI Corp (HNI)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 11.99 | 11.96 | 12.57 | 11.59 | 13.78 | |
| DOH | days | 30.43 | 30.51 | 29.04 | 31.48 | 26.49 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 11.99
= 30.43
The Days of Inventory on Hand (DOH) for HNI Corp has shown a slight increase from 26.49 days as of December 31, 2020, to 31.48 days as of December 31, 2021. This indicates that, on average, the company held inventory for a longer period in 2021 compared to 2020.
Subsequently, the DOH decreased to 29.04 days as of December 31, 2022, before increasing slightly to 30.51 days as of December 31, 2023. Finally, the DOH remained relatively stable at 30.43 days as of December 31, 2024.
Overall, the trend in HNI Corp's DOH suggests fluctuations in inventory management efficiency over the years, with the company holding inventory for varying lengths of time. Monitoring and analyzing these changes can provide insights into the company's inventory turnover and operational efficiency.