Mativ Holdings Inc. (MATV)
Days of inventory on hand (DOH)
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.56 | 7.89 | 5.09 | 4.44 | 5.17 | 3.10 | 4.26 | 4.18 | 3.83 | 3.81 | 3.54 | 4.21 | 3.91 | 4.05 | 3.94 | 4.28 | 4.23 | 4.56 | 4.23 | 4.00 | |
| DOH | days | 55.60 | 46.27 | 71.69 | 82.22 | 70.59 | 117.67 | 85.74 | 87.25 | 95.20 | 95.86 | 103.12 | 86.69 | 93.46 | 90.19 | 92.69 | 85.33 | 86.35 | 80.10 | 86.34 | 91.29 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.56
= 55.60
To analyze Mativ Holdings Inc's Days of Inventory on Hand (DOH) over the past eight quarters, we observe the following trend:
- The DOH has fluctuated significantly over the quarters, ranging from a low of 64.63 days in Q3 2023 to a high of 117.63 days in Q3 2022.
- In Q4 2023, the DOH decreased to 77.12 days from the previous quarter, indicating a potential improvement in inventory management efficiency.
- Comparing Q4 2023 to Q4 2022, there was a noticeable decrease in DOH from 112.87 days to 77.12 days, suggesting a positive trend in managing inventory levels.
- However, the DOH in Q1 2023 spiked to 100.07 days, which may indicate slowed inventory turnover or excess inventory holding.
- Overall, the company should focus on maintaining an optimal level of inventory to maximize operational efficiency and working capital utilization. Periodic monitoring and adjustment of inventory levels will be essential to enhance profitability and liquidity.
Peer comparison
Dec 31, 2023