McKesson Corporation (MCK)
Days of inventory on hand (DOH)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 14.48 | 13.86 | 14.11 | 12.68 | 13.71 | |
| DOH | days | 25.21 | 26.33 | 25.87 | 28.78 | 26.63 |
March 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 14.48
= 25.21
The days of inventory on hand (DOH) for McKesson Corporation decreased slightly from 26.33 days in March 2023 to 25.21 days in March 2024. This indicates that McKesson is managing its inventory more efficiently, taking fewer days to sell its inventory on hand. The trend over the past five years shows some fluctuations in inventory management, with the lowest DOH of 25.21 days in March 2024 and the highest DOH of 28.78 days in March 2021. Overall, the decreasing trend in DOH suggests that McKesson has been improving its inventory turnover efficiency, which is a positive sign for the company's operational performance.
Peer comparison
Mar 31, 2024
Company name
Symbol
DOH
McKesson Corporation
MCK
25.21
Cardinal Health Inc
CAH
24.88
Cencora Inc.
COR
24.41