Henry Schein Inc (HSIC)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.47 | 6.09 | 6.28 | 6.42 | 6.57 | |
| DOH | days | 56.46 | 59.94 | 58.10 | 56.87 | 55.54 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.47
= 56.46
The Days of Inventory on Hand (DOH) for Henry Schein Inc has shown a slight fluctuation over the past five years. In 2023, the DOH stands at 56.46 days, a decrease from the previous year's level of 59.94 days in 2022. This implies that the company has been more efficient in managing its inventory levels, turning over inventory more quickly.
Comparing to 2021 and 2020, where the DOH was 58.10 days and 56.87 days respectively, the current level in 2023 indicates a positive trend towards inventory management efficiency. Additionally, when looking back to 2019, the DOH was 55.54 days, which suggests a steady improvement in the company's inventory turnover rate over the years.
Overall, the decreasing trend in the Days of Inventory on Hand for Henry Schein Inc reflects an improvement in the company's ability to manage and sell inventory efficiently, which can lead to better cash flow and profitability in the long term.
Peer comparison
Dec 31, 2023