Masco Corporation (MAS)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.47 | 6.01 | 5.80 | 6.76 | 7.48 | |
| DOH | days | 56.41 | 60.69 | 62.96 | 54.01 | 48.78 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.47
= 56.41
Masco Corp.'s days of inventory on hand (DOH) has shown a fluctuating trend over the past five years. The DOH was 72.70 days as of December 31, 2023, a decrease from 75.61 days in 2022. However, compared to 2021 and 2020, the current DOH is lower, indicating a potential improvement in inventory management efficiency.
In 2021, the DOH was 80.52 days, which was higher than both 2020 (69.49 days) and the most recent year. This suggests a possible issue with inventory turnover and liquidity in 2021. The lowest DOH value of 63.47 days was observed in 2019, showcasing efficient inventory handling at that time.
Overall, Masco Corp. has experienced fluctuations in its DOH metric over the years, suggesting varying efficiency levels in managing inventory. Monitoring this ratio can provide insights into the company's inventory management practices and potential operational improvements.
Peer comparison
Dec 31, 2023