Ingredion Incorporated (INGR)
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 | 4.64 | 4.60 | 4.74 | 4.58 | 4.42 | 4.34 | 4.06 | 3.96 | 4.04 | 4.19 | 4.33 | 4.45 | 4.75 | 4.88 | 4.81 | 5.01 | 5.14 | 5.18 | 5.53 | 5.71 | |
| DOH | days | 78.73 | 79.40 | 77.04 | 79.75 | 82.55 | 84.01 | 89.98 | 92.12 | 90.34 | 87.17 | 84.34 | 82.00 | 76.90 | 74.72 | 75.80 | 72.88 | 70.99 | 70.51 | 65.95 | 63.88 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.64
= 78.73
The days of inventory on hand (DOH) for Ingredion Incorporated have shown a fluctuating trend over the years, ranging from as low as 63.88 days to as high as 92.12 days. The DOH increased steadily from March 31, 2020, to June 30, 2022, indicating a potential buildup of inventory during this period.
There was a peak in DOH on March 31, 2023, at 92.12 days, which may suggest an excessive level of inventory relative to sales or production capacity. However, the DOH decreased slightly in the following periods, reaching 77.04 days on June 30, 2024. This reduction could indicate better inventory management practices or adjustments in production levels to align with demand.
Overall, Ingredion Incorporated should continue to monitor its DOH closely to ensure optimal inventory levels, balancing the need to meet customer demand while minimizing carrying costs and potential obsolescence. Efforts to maintain an appropriate level of inventory turnover could lead to improved operational efficiency and financial performance in the long term.
Peer comparison
Dec 31, 2024