Helmerich and Payne Inc (HP)
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 | 16.13 | 16.33 | 17.51 | 18.89 | 20.64 | 19.22 | 19.01 | 19.56 | 18.58 | 17.51 | 16.60 | 15.21 | 14.50 | 12.02 | 10.74 | 17.45 | 18.66 | 31.74 | 32.10 | 17.69 | |
| DOH | days | 22.63 | 22.35 | 20.84 | 19.32 | 17.68 | 18.99 | 19.20 | 18.66 | 19.65 | 20.85 | 21.98 | 24.00 | 25.17 | 30.37 | 33.97 | 20.92 | 19.56 | 11.50 | 11.37 | 20.63 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 16.13
= 22.63
The Days of Inventory on Hand (DOH) is a financial ratio that indicates the average number of days it takes for a company to sell its inventory. A lower DOH value typically suggests that a company is efficient in managing its inventory levels.
Analyzing the historical trend of Helmerich and Payne Inc's DOH, we can observe fluctuations over the past few quarters:
- The DOH has been oscillating between 11.37 days (lowest in Jun 2020) to 33.97 days (highest in Mar 2021) over the last five years.
- In recent quarters, the DOH has shown a decreasing trend, indicating improved inventory turnover efficiency.
- Notably, the DOH has been relatively stable in the range of 17 to 23 days in the most recent quarters of Sep 2023 to Sep 2024.
Overall, the trend in Helmerich and Payne Inc's DOH suggests better inventory management efficiency in recent quarters, with the company maintaining a relatively stable range of days required to sell its inventory. This improved efficiency can positively impact the company's working capital management and profitability.
Peer comparison
Sep 30, 2024