Kenvue Inc. (KVUE)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Inventory turnover | 4.66 | ||||
| DOH | days | 78.40 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.66
= 78.40
The days of inventory on hand (DOH) ratio for Kenvue Inc. as of December 31, 2023, is 78.40 days. This ratio indicates that, on average, it takes Kenvue Inc. approximately 78.40 days to turn its inventory into sales. A higher DOH ratio may suggest that the company is holding excessive inventory, which could lead to higher carrying costs and potential obsolescence risks. Conversely, a lower DOH ratio may indicate efficient inventory management but could also imply stockouts or lost sales opportunities. It is essential for Kenvue Inc. to monitor its DOH closely to optimize inventory levels and balance between meeting customer demand and controlling costs.
Peer comparison
Dec 31, 2023