International Flavors & Fragrances Inc (IFF)

Days of inventory on hand (DOH)

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		5.73	4.58	5.03	4.87	4.55	4.63	4.07	4.32	4.61	4.03	3.16	2.18	3.67	3.62	3.33	3.37	2.96	2.92	2.63	2.54
DOH	days	63.65	79.70	72.53	75.01	80.18	78.83	89.74	84.52	79.17	90.54	115.43	167.18	99.39	100.77	109.77	108.36	123.25	125.07	138.81	143.45

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.73
= 63.65

International Flavors & Fragrances Inc.'s days of inventory on hand (DOH) has shown a fluctuating trend over the past eight quarters. The company has seen a gradual decrease in DOH from the peak of 138.75 days in Q4 2022 to 115.94 days in Q4 2023. This indicates an improvement in managing inventory levels efficiently.

However, it is important to note that DOH increased in Q3 2023 and Q2 2023 before declining again in the recent quarters. This fluctuation suggests potential challenges in accurately forecasting demand and optimizing inventory levels consistently.

Overall, International Flavors & Fragrances Inc. should continue monitoring its inventory management practices to ensure efficient use of resources and timely fulfillment of customer orders.