International Flavors & Fragrances Inc (IFF)

Days of inventory on hand (DOH)

		Dec 31, 2024	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
Inventory turnover		3.60	3.52	3.59	3.23	3.15	3.11	2.90	2.81	2.63	2.68	2.77	2.97	3.15	2.76	2.19	1.52	2.65	2.63	2.59	2.83
DOH	days	101.36	103.84	101.65	113.14	115.94	117.32	125.78	130.01	138.75	136.24	131.89	123.05	115.94	132.23	166.86	240.58	137.78	138.98	141.18	129.07

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.60
= 101.36

The days of inventory on hand (DOH) for International Flavors & Fragrances Inc have shown fluctuating trends over the past few years. The company's DOH ranged from a high of 240.58 days on March 31, 2021, to a low of 101.36 days on December 31, 2024.

In general, a lower DOH indicates that the company is more efficient in managing its inventory levels, as it takes fewer days to sell its inventory, which can be seen in the decreasing trend of DOH from March 31, 2021, to December 31, 2024. This reduction may suggest improved inventory management practices or changes in the company's business model.

However, fluctuations in DOH should be interpreted in conjunction with other financial and operational metrics to get a comprehensive understanding of the company's inventory management efficiency and overall performance. It would be beneficial for stakeholders to monitor the DOH trend over time and evaluate it in the context of the company's industry norms and specific operational requirements to assess the effectiveness of inventory management strategies.