ManpowerGroup Inc (MAN)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | |
| DOH | days | — | — | — | — | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The Days of Inventory on Hand (DOH) metric for ManpowerGroup has not been provided in the table for the years ending December 31, 2019 to 2023. DOH is a measure of how many days a company holds its inventory before selling it. It is calculated by dividing the average inventory by the cost of goods sold and multiplying by 365.
Without specific DOH data, it is challenging to evaluate the efficiency of ManpowerGroup's inventory management over the years. A low DOH typically indicates efficient inventory management, with inventory turning over quickly, reducing holding costs and the risk of obsolescence. On the other hand, a high DOH may suggest overstocking, slow sales, or obsolete inventory.
To gauge the company's inventory management performance accurately and identify trends, it is crucial to have the DOH figures for each year. Analyzing this metric over time can provide insights into the company's ability to manage inventory levels effectively, control costs, and adapt to changes in demand.
Peer comparison
Dec 31, 2023