Interpublic Group of Companies Inc (IPG)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | 3.07 | 1,539.51 | 1,022.90 | 9,636.75 | |
| DOH | days | — | 118.75 | 0.24 | 0.36 | 0.04 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) ratio for Interpublic Group of Companies Inc shows a significant fluctuation over the years.
At the end of December 31, 2020, the company had an extremely low DOH of 0.04 days, indicating that it held inventory for a very short period. This suggests efficient inventory management practices in place during that year.
However, by the end of December 31, 2021, the DOH increased to 0.36 days, signaling a slight increase in the time it takes for the company to turn its inventory into sales. This may indicate a potential change in inventory management efficiency.
Subsequently, by December 31, 2022, the DOH decreased to 0.24 days, showing an improvement in inventory turnover compared to the previous year.
The most significant change occurred by December 31, 2023, with a substantial spike in DOH to 118.75 days. This signifies a significant delay in converting inventory into sales, potentially indicating overstocking or issues with sales demand that year.
The data for December 31, 2024, is missing, indicated by "— days", which may suggest that the exact DOH figure for that year is not available.
In conclusion, the days of inventory on hand ratio for Interpublic Group of Companies Inc has shown fluctuations over the years, with a notable jump in 2023. Further analysis and context would be needed to understand the reasons behind these changes in inventory management efficiency.
Peer comparison
Dec 31, 2024