Kadant Inc (KAI)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.14 | 5.23 | 4.66 | 5.10 | 5.26 | |
| DOH | days | 59.42 | 69.84 | 78.28 | 71.64 | 69.34 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.14
= 59.42
The days of inventory on hand (DOH) for Kadant Inc have shown some fluctuation over the past five years. In 2020, the DOH stood at 69.34 days, increasing slightly to 71.64 days by the end of 2021. However, there was a more notable increase in 2022 to 78.28 days. The trend reversed in 2023, with the DOH decreasing to 69.84 days, and further decreasing to 59.42 days by the end of 2024.
Overall, the company's DOH indicates the number of days it takes to sell its inventory, with lower values suggesting faster turnover. The varying DOH figures suggest fluctuations in inventory management efficiency over the years. It would be important for Kadant Inc to assess the reasons behind these changes and work towards maintaining an optimal inventory level to support operational efficiency and financial performance.
Peer comparison
Dec 31, 2024