Honeywell International Inc (HON)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		120.99	3.72	4.30	4.55	4.94
DOH	days	3.02	98.06	84.84	80.16	73.91

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 120.99
= 3.02

The days of inventory on hand (DOH) for Honeywell International Inc have shown a fluctuating trend over the past five years. The company had 73.91 days of inventory on hand as of December 31, 2020, which increased to 80.16 days by the end of 2021. This upward trend continued, with the DOH reaching 84.84 days in 2022 and further climbing to 98.06 days in 2023, indicating a prolonged period of inventory on hand.

However, there was a significant and unusual drop in the days of inventory on hand to just 3.02 days as of December 31, 2024. Such a sharp decline may suggest a strategic shift in inventory management practices or a potential adjustment in the company's supply chain operations.

Overall, the DOH analysis highlights fluctuations in Honeywell International Inc's inventory management efficiency over the years, raising the need for closer examination to understand the underlying factors driving these changes and their implications on the company's operations and financial performance.