Dorian LPG Ltd (LPG)
Days of inventory on hand (DOH)
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 53.25 | 66.89 | 52.76 | 42.42 | 37.94 | 38.04 | 42.37 | 46.22 | 44.65 | 45.90 | 60.92 | 53.47 | 54.04 | 47.43 | 45.96 | 46.32 | 47.11 | 42.49 | 43.95 | 48.45 | |
| DOH | days | 6.85 | 5.46 | 6.92 | 8.60 | 9.62 | 9.59 | 8.62 | 7.90 | 8.17 | 7.95 | 5.99 | 6.83 | 6.75 | 7.70 | 7.94 | 7.88 | 7.75 | 8.59 | 8.30 | 7.53 |
March 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 53.25
= 6.85
The days of inventory on hand (DOH) for Dorian LPG Ltd has shown some variability over the past few quarters. The trend indicates that the company held inventory for an average of around 7 to 9 days over the last eight quarters.
The DOH peaked at 9.62 days in the first quarter of 2023 and hit a low of 5.46 days in the fourth quarter of 2023. The fluctuation in DOH suggests that the company may have experienced changes in its inventory management practices or the demand for its products during this period.
Overall, Dorian LPG Ltd's DOH indicates the average number of days it holds inventory before selling it, and lower DOH values suggest that the company is selling its inventory quicker. Monitoring DOH can provide insights into the efficiency of the company's inventory management and its ability to manage levels of working capital effectively. It is essential for the company to strike a balance between maintaining adequate inventory levels to meet customer demand while avoiding excess inventory that can tie up valuable resources.