Dorian LPG Ltd (LPG)
Days of inventory on hand (DOH)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 79.97 | 84.41 | 79.57 | 83.05 | 81.69 | 72.79 | 67.44 | 77.62 | 61.20 | 60.58 | 68.12 | 72.14 | 71.15 | 69.68 | 92.90 | 86.56 | 83.82 | 77.76 | 75.00 | 72.77 | |
| DOH | days | 4.56 | 4.32 | 4.59 | 4.40 | 4.47 | 5.01 | 5.41 | 4.70 | 5.96 | 6.02 | 5.36 | 5.06 | 5.13 | 5.24 | 3.93 | 4.22 | 4.35 | 4.69 | 4.87 | 5.02 |
March 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 79.97
= 4.56
Dorian LPG Ltd has shown a generally decreasing trend in its days of inventory on hand (DOH) from June 30, 2020, to March 31, 2025, dropping from 5.02 days to 4.56 days. This indicates that the company is able to turn its inventory into sales at a quicker pace.
There were fluctuations in the DOH over the period, with some quarters showing an increase in DOH such as in December 31, 2021, and December 31, 2022. These increases may suggest potential challenges in managing inventory levels efficiently during those periods.
However, on a positive note, Dorian LPG Ltd has generally managed to maintain its DOH at relatively low levels, which is favorable as it signifies effective inventory management practices. The company's ability to reduce its DOH over time can improve liquidity, reduce carrying costs, and enhance overall operational efficiency. Further monitoring of inventory turnover ratio and comparison with industry benchmarks could provide additional insights into the company's inventory management performance.