Kimberly-Clark Corporation (KMB)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.84 | 6.15 | 5.99 | 6.47 | 6.94 | |
| DOH | days | 53.38 | 59.34 | 60.93 | 56.39 | 52.63 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.84
= 53.38
The days of inventory on hand (DOH) for Kimberly-Clark Corp. has shown a fluctuating trend over the past five years. In 2023, the DOH decreased to 53.26 days from 59.34 days in 2022. This indicates that the company has managed its inventory more efficiently in the most recent year.
In comparison to 2021, where the DOH was 60.75 days, the decrease in 2023 suggests that there may have been improvements in inventory management practices. However, it is worth noting that the DOH in 2023 is still slightly higher than in 2019, when it was 52.63 days.
Overall, a lower DOH value is generally considered more favorable as it indicates that the company is selling its inventory at a faster rate. Kimberly-Clark Corp. should continue to monitor and assess its inventory levels to ensure optimal management in the future.
Peer comparison
Dec 31, 2023
See also:
Kimberly-Clark Corporation Average Inventory Processing Period