Altria Group (MO)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 5.63 | 5.58 | 5.27 | 5.05 | 5.15 | 5.34 | 5.38 | 5.14 | 5.46 | 6.00 | 5.93 | 5.73 | 5.96 | 6.41 | 4.10 | 3.72 | 3.98 | 4.10 | 3.96 | 3.83 | |
| DOH | days | 64.87 | 65.44 | 69.30 | 72.34 | 70.85 | 68.39 | 67.89 | 71.07 | 66.86 | 60.80 | 61.56 | 63.69 | 61.22 | 56.99 | 88.97 | 98.03 | 91.79 | 89.11 | 92.15 | 95.34 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.63
= 64.87
The days of inventory on hand (DOH) for Altria Group have been fluctuating over the last few years based on the provided data. In the first quarter of 2020, the DOH was at 95.34 days, indicating that the company had approximately 95 days of inventory on hand. This number decreased to 88.97 days by the second quarter of 2021, suggesting a more efficient management of inventory during that period.
However, there was a noticeable decrease in efficiency in managing inventory by the third quarter of 2021, with the DOH falling sharply to 56.99 days. This may raise concerns about potential overstocking or issues in inventory management during that period. The trend continued to improve slightly in the following quarters, with the DOH ranging between 60 and 70 days.
Overall, while Altria Group has shown fluctuations in its DOH metric, it can be important for the company to consistently monitor and optimize its inventory levels to ensure efficient operations and cost control. A lower DOH typically indicates better inventory management, while a higher DOH may suggest excess or slow-moving inventory that could tie up capital.
Peer comparison
Dec 31, 2024
See also:
Altria Group Average Inventory Processing Period (Quarterly Data)