Mercer International Inc (MERC)
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 | 5.28 | 5.24 | 5.03 | 3.73 | 4.23 | 4.54 | 4.83 | 4.46 | 4.12 | 4.20 | 4.51 | 4.84 | 5.00 | 5.09 | 5.43 | 4.23 | 3.16 | 1.89 | 0.63 | 0.59 | |
| DOH | days | 69.14 | 69.71 | 72.64 | 97.98 | 86.21 | 80.32 | 75.52 | 81.76 | 88.64 | 86.86 | 80.91 | 75.41 | 72.95 | 71.68 | 67.18 | 86.30 | 115.44 | 193.14 | 578.01 | 615.01 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.28
= 69.14
The days of inventory on hand (DOH) for Mercer International Inc. have shown some fluctuations over the past eight quarters. In Q1 2023, DOH decreased significantly to 115.19 days from 100.34 days in Q4 2022, indicating a potential improvement in inventory management efficiency. However, in the subsequent quarters, DOH remained relatively stable, ranging from 81.56 days to 84.98 days in Q4 2023. Overall, Mercer International Inc. has maintained its inventory levels within a reasonable range, but there may be room for further optimization to enhance operational performance and working capital management.