MSA Safety (MSA)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.20 | 2.52 | 2.80 | 3.07 | 4.13 | |
| DOH | days | 114.16 | 144.58 | 130.51 | 118.78 | 88.47 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.20
= 114.16
The days of inventory on hand (DOH) for MSA Safety Inc has shown fluctuating trends over the past five years. In 2023, the DOH decreased to 114.16 days from 144.58 days in 2022, indicating a more efficient management of inventory. However, compared to 2021 and 2020 where the DOH was 130.51 days and 95.28 days respectively, the current DOH remains higher, suggesting a longer time required to sell off inventory in 2023. The lowest DOH was recorded in 2019 at 88.24 days, indicating a more efficient inventory turnover at that time. Overall, the trend in DOH for MSA Safety Inc suggests varying levels of inventory management efficiency over the years.
Peer comparison
Dec 31, 2023