Johnson Controls International PLC (JCI)
Days of inventory on hand (DOH)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 9.25 | 9.23 | 10.52 | 12.59 | 12.88 | |
| DOH | days | 39.44 | 39.54 | 34.69 | 28.99 | 28.34 |
September 30, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.25
= 39.44
The days of inventory on hand (DOH) for Johnson Controls International plc have shown a consistent upward trend over the past five years. In 2019, the DOH was 40.68 days, which increased to 43.42 days in 2020 and further to 48.10 days in 2021. Subsequently, in 2022 and 2023, the DOH increased to 54.03 days and 56.85 days, respectively. This trend suggests that the company is carrying more inventory on hand, which could potentially tie up more capital and lead to higher carrying costs. However, a higher DOH could also indicate improved inventory management and more efficient utilization of inventory. Further analysis of the company's operational efficiency and inventory management practices would provide a clearer understanding of the implications of the increasing DOH.
Peer comparison
Sep 30, 2023
See also:
Johnson Controls International PLC Average Inventory Processing Period