The Mosaic Company (MOS)

Days of inventory on hand (DOH)

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Inventory turnover 4.55 3.77 3.34 4.38 3.86
DOH days 80.19 96.73 109.27 83.34 94.63

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.55
= 80.19

The days of inventory on hand (DOH) for Mosaic Company have shown fluctuations over the past five years, ranging from a low of 80.19 days in 2023 to a high of 109.27 days in 2021. The downward trend in DOH from 2021 to 2023 indicates an improvement in the company's inventory management efficiency. A lower DOH value suggests that the company is selling inventory more quickly, which can help reduce carrying costs and potential obsolescence risks. However, it is important to note that inventory levels should be balanced to ensure that the company can meet customer demand without experiencing stockouts. Overall, the decreasing trend in DOH for Mosaic Company implies a positive development in its inventory management practices over the years.


Peer comparison

Dec 31, 2023

Company name
Symbol
DOH
The Mosaic Company
MOS
80.19
CF Industries Holdings Inc
CF
26.71
Scotts Miracle-Gro Company
SMG
88.45

See also:

The Mosaic Company Average Inventory Processing Period