Ingredion Incorporated (INGR)
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 | 4.47 | 4.39 | 4.09 | 4.00 | 4.08 | 4.25 | 4.38 | 4.51 | 5.12 | 5.32 | 5.30 | 5.55 | 5.31 | 5.69 | 5.95 | 5.99 | 5.81 | 3.86 | 3.94 | 3.98 | |
| DOH | days | 81.66 | 83.18 | 89.24 | 91.29 | 89.50 | 85.98 | 83.38 | 80.97 | 71.26 | 68.65 | 68.92 | 65.78 | 68.70 | 64.15 | 61.38 | 60.96 | 62.80 | 94.50 | 92.75 | 91.65 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.47
= 81.66
The Days of Inventory on Hand (DOH) for Ingredion Inc has exhibited fluctuations over the past eight quarters. In Q1 2022, the company held inventory for an average of 82.00 days, with a subsequent increase to 84.34 days in Q2 2022. The trend continued with a rise to 87.17 days in Q3 2022, followed by a peak of 90.34 days in Q4 2022. However, in Q1 2023, there was a slight decrease to 92.12 days, which further declined to 89.98 days in Q2 2023. The trend continued with a drop to 84.01 days in Q3 2023, and then to 82.55 days in Q4 2023.
The fluctuation in DOH implies varying levels of efficiency in managing inventory. A higher DOH suggests that Ingredion Inc may be holding excess inventory, which could tie up capital and increase storage costs. Conversely, a lower DOH may indicate a more efficient inventory management process but could also pose the risk of stockouts.
Overall, monitoring changes in DOH is crucial for assessing inventory management effectiveness and ensuring optimal utilization of resources for Ingredion Inc.
Peer comparison
Dec 31, 2023