Ingredion Incorporated (INGR)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.75 | 4.42 | 4.04 | 4.75 | 5.14 | |
| DOH | days | 76.83 | 82.55 | 90.34 | 76.90 | 70.99 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.75
= 76.83
The Days of Inventory on Hand (DOH) for Ingredion Incorporated has shown a fluctuating trend over the past five years. Starting at 70.99 days in December 31, 2020, the DOH increased to 76.90 days by the end of 2021. Subsequently, there was a significant rise to 90.34 days by December 31, 2022, indicating a prolonged holding period for inventory.
However, the DOH decreased to 82.55 days by the end of 2023, suggesting a possible improvement in inventory management efficiency. By December 31, 2024, the DOH decreased further to 76.83 days, approaching the levels observed in the earlier years.
Overall, fluctuations in the Days of Inventory on Hand can reflect changes in inventory management practices, demand variability, or supply chain disruptions. It is essential for Ingredion Incorporated to continually monitor and adjust its inventory levels to optimize working capital and ensure operational effectiveness.
Peer comparison
Dec 31, 2024