Altria Group (MO)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.63 | 8.39 | 5.46 | 5.96 | 3.98 | |
| DOH | days | 64.87 | 43.48 | 66.86 | 61.22 | 91.79 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.63
= 64.87
The days of inventory on hand (DOH) for Altria Group have shown fluctuations over the past five years. As of December 31, 2020, the DOH stood at 91.79 days, indicating that, on average, the company held inventory for approximately 91.79 days before selling it.
Subsequently, there was a notable decrease in DOH by the end of December 31, 2021, dropping to 61.22 days. This reduction suggests improved efficiency in inventory management, as the company reduced the number of days inventory was held before being sold.
However, by December 31, 2022, the DOH increased to 66.86 days, reflecting a slight reversal in inventory management efficiency. Nonetheless, Altria Group managed to bring down the DOH significantly to 43.48 days by December 31, 2023, indicating a more streamlined inventory turnover process.
In the most recent period of December 31, 2024, the DOH increased to 64.87 days, potentially signaling a downturn in inventory management effectiveness compared to the previous year. Overall, Altria Group has experienced fluctuations in DOH, suggesting varying levels of efficiency in managing its inventory over the past five years.
Peer comparison
Dec 31, 2024