International Flavors & Fragrances Inc (IFF)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.45 | 3.15 | 2.63 | 3.15 | 2.65 | |
| DOH | days | 105.78 | 115.94 | 138.75 | 115.94 | 137.78 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.45
= 105.78
The days of inventory on hand (DOH) for International Flavors & Fragrances Inc have shown some fluctuations over the past five years. The DOH was 137.78 days on December 31, 2020, decreased to 115.94 days by December 31, 2021, then increased to 138.75 days on December 31, 2022, remained stable at 115.94 days on December 31, 2023, and decreased to 105.78 days on December 31, 2024.
The decrease in DOH from 2020 to 2021 suggests the company managed its inventory more efficiently, possibly through better inventory management practices or lower levels of stock on hand. However, the subsequent increase in DOH in 2022 may indicate challenges in inventory management or changes in sales trends that impacted inventory levels.
The stability in DOH from 2023 to 2024 followed by a decrease in 2024 could imply improved inventory turnover efficiency or adjustments in production and sales strategies. Overall, monitoring DOH trends is essential for assessing the company's inventory management effectiveness and operational efficiency.
Peer comparison
Dec 31, 2024