Matthews International Corporation (MATW)
Days of inventory on hand (DOH)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.32 | 5.00 | 5.50 | 5.97 | 5.71 | |
| DOH | days | 68.58 | 72.93 | 66.35 | 61.12 | 63.88 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.32
= 68.58
The Days of Inventory on Hand (DOH) for Matthews International Corporation has shown fluctuating trends over the past five years. In 2024, the DOH decreased to 68.58 days from 72.93 days in 2023. This could indicate a more efficient management of inventory, as the company is holding inventory for a shorter period before selling it.
Compared to 2022 and 2021, where the DOH was 66.35 days and 61.12 days respectively, the increase in 2023 was a deviation from the trend of decreasing DOH. However, in 2024, the DOH has returned to a level closer to that seen in 2022.
It is worth noting that in 2020, the DOH was 63.88 days, which is slightly lower than the most recent figure in 2024. Overall, the trend in DOH for Matthews International Corporation has been relatively stable over the past five years, with some minor fluctuations. Further analysis would be needed to determine the underlying reasons for these changes and their implications for the company's inventory management efficiency.