MSA Safety (MSA)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		3.19	3.20	2.52	2.80	3.83
DOH	days	114.31	114.16	144.58	130.51	95.28

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.19
= 114.31

The days of inventory on hand (DOH) for MSA Safety have shown varying trends over the past five years. In December 31, 2020, the company had 95.28 days of inventory on hand, which increased to 130.51 days by December 31, 2021, and further rose to 144.58 days by December 31, 2022.

However, there was a slight decrease in DOH to 114.16 days by December 31, 2023, followed by a marginal increase to 114.31 days by December 31, 2024. Overall, the trend indicates that MSA Safety has been carrying a higher level of inventory on hand in recent years, which may indicate challenges in managing inventory levels efficiently or changes in the company's sales patterns.

Further analysis and comparison with industry benchmarks would be necessary to determine the effectiveness of MSA Safety's inventory management practices and their impact on the company's financial performance.