Mativ Holdings Inc. (MATV)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.89 | 5.17 | 5.31 | 5.32 | 5.55 | |
| DOH | days | 61.92 | 70.59 | 68.79 | 68.54 | 65.75 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.89
= 61.92
The days of inventory on hand (DOH) for Mativ Holdings Inc has shown significant fluctuations over the past five years. In 2023, the DOH decreased to 77.12 days from 112.87 days in 2022, indicating a more efficient management of inventory. This reduction suggests that the company is able to sell its inventory more quickly or has improved its inventory management practices.
Comparing to the DOH of 85.35 days in 2021 and 85.62 days in 2020, the decrease in 2023 could signify a positive trend in inventory turnover for Mativ Holdings Inc. However, it is interesting to note that the DOH in 2023 is still higher than in 2019 when it was 80.39 days, suggesting that the company may have room for further improvement in managing its inventory levels.
Overall, the reduction in days of inventory on hand for Mativ Holdings Inc from 2022 to 2023 reflects a potentially positive development in the company's inventory management efficiency, although it is important for the company to continue monitoring and optimizing its inventory levels to enhance its overall financial performance.
Peer comparison
Dec 31, 2023