Interpublic Group of Companies Inc (IPG)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.30 | 2,678.80 | 1,803.20 | 17,534.38 | 645.44 | |
| DOH | days | 68.86 | 0.14 | 0.20 | 0.02 | 0.57 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.30
= 68.86
To analyze Interpublic Group Of Cos., Inc.'s days of inventory on hand (DOH) over the past five years, we require the inventory balance figures from their financial statements for each year. The DOH ratio is calculated as follows:
DOH = (Average Inventory / Cost of Goods Sold) x Number of Days in Period
This ratio measures the average number of days it takes for a company to sell its inventory. A lower DOH indicates that the company is efficient in managing its inventory levels.
Given that the data for Interpublic Group Of Cos., Inc. is not provided in the table, we are unable to compute the DOH ratio or provide a detailed analysis based on the information given.
In order to conduct a comprehensive analysis of the DOH for Interpublic Group Of Cos., Inc., we would need access to their financial statements, specifically the inventory balance and cost of goods sold figures for each year. Without this data, the effectiveness of the company in managing its inventory cannot be accurately evaluated.
Peer comparison
Dec 31, 2023