Honeywell International Inc (HON)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.67 | 5.40 | 5.66 | 6.23 | 6.97 | |
| DOH | days | 78.10 | 67.62 | 64.50 | 58.60 | 52.33 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.67
= 78.10
The Days of Inventory on Hand (DOH) for Honeywell International Inc has been gradually increasing over the past five years. In 2019, the company had the lowest DOH at 66.30 days, which then increased to 73.91 days by the end of 2020, further rising to 80.16 days by the end of 2021, and then to 84.84 days by the end of 2022. By the end of 2023, the DOH reached its peak at 98.06 days.
This trend suggests that Honeywell International Inc may be holding onto its inventory for a longer period before converting it into sales. A higher DOH value could indicate that the company is facing challenges in managing its inventory efficiently or experiencing slower sales turnover. Further analysis of the company's inventory management practices and supply chain efficiency may be required to identify potential areas for improvement.
Peer comparison
Dec 31, 2023
See also:
Honeywell International Inc Average Inventory Processing Period