The Mosaic Company (MOS)
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 | 4.80 | 5.33 | 4.38 | 4.35 | 3.95 | 3.47 | 3.24 | 3.10 | 3.53 | 3.96 | 3.87 | 3.57 | 2.83 | 2.05 | 0.72 | 0.61 | 0.49 | 0.17 | 0.14 | 0.14 | |
| DOH | days | 76.05 | 68.54 | 83.43 | 83.82 | 92.33 | 105.16 | 112.57 | 117.58 | 103.45 | 92.10 | 94.42 | 102.27 | 129.08 | 178.22 | 507.84 | 599.66 | 741.72 | 2,178.51 | 2,621.26 | 2,518.28 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.80
= 76.05
The Days of Inventory on Hand (DOH) for Mosaic Company has shown a declining trend over the past quarters, indicating an improvement in inventory management efficiency. In Q4 2023, the DOH decreased to 80.19 days from 72.16 days in the previous quarter, signaling the company's ability to sell through its inventory more quickly. Compared to the same quarter last year, where the DOH was 96.73 days, the current figure reflects a significant enhancement in inventory turnover. This downward trend in DOH suggests that Mosaic is effectively managing its inventory levels to align with sales demand and optimize working capital utilization.
Peer comparison
Dec 31, 2023
See also:
The Mosaic Company Average Inventory Processing Period (Quarterly Data)