Lancaster Colony Corporation (LANC)
Days of inventory on hand (DOH)
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 9.67 | 10.60 | 10.80 | 9.64 | 10.65 | 10.74 | 11.76 | 9.64 | 10.88 | 9.04 | 9.07 | 8.46 | 10.62 | 11.92 | 11.01 | 10.71 | 13.68 | 12.16 | 12.81 | 12.24 | |
| DOH | days | 37.75 | 34.43 | 33.81 | 37.86 | 34.26 | 33.99 | 31.04 | 37.88 | 33.54 | 40.39 | 40.23 | 43.16 | 34.38 | 30.62 | 33.17 | 34.07 | 26.67 | 30.03 | 28.49 | 29.82 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.67
= 37.75
The Days of Inventory on Hand (DOH) for Lancaster Colony Corporation has shown some variability over the past few quarters. The company's inventory turnover efficiency ranged between 26.67 days to 43.16 days from Q3 2019 to Q2 2024. Notably, there was a peak in DOH of 43.16 days in Q4 2021, indicating a longer period to sell off inventory compared to other quarters.
Overall, the trend in recent quarters suggests that Lancaster Colony Corporation has been managing its inventory effectively, as evidenced by the relatively stable DOH figures around the low to mid-30s days range. This indicates that the company has been able to convert its inventory into sales within a reasonable timeframe, which is essential for maintaining liquidity and profitability. However, it would be advisable for management to monitor and potentially optimize inventory levels to ensure efficient operations and minimize carrying costs.
Peer comparison
Jun 30, 2024