MSA Safety (MSA)
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 | 4.62 | 4.14 | 3.85 | 3.62 | 3.62 | 3.44 | 3.50 | 3.67 | 4.13 | 4.19 | 3.99 | 3.74 | 3.07 | 2.91 | 3.36 | 3.95 | 4.14 | 3.94 | 3.98 | 4.31 | |
| DOH | days | 78.99 | 88.27 | 94.70 | 100.95 | 100.96 | 105.97 | 104.41 | 99.58 | 88.42 | 87.21 | 91.44 | 97.63 | 118.78 | 125.56 | 108.67 | 92.38 | 88.24 | 92.75 | 91.77 | 84.74 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.62
= 78.99
The days of inventory on hand (DOH) for MSA Safety Inc have shown a declining trend over the past two years, with Q4 2023 reporting the lowest DOH of 114.16 days. This indicates that MSA Safety Inc has been managing its inventory more efficiently, holding fewer days' worth of inventory on hand to support its operations.
The improvement in inventory management is further highlighted by the comparison to Q1 2022, where DOH was at its highest at 146.90 days. This suggests that the company has been able to streamline its inventory processes, potentially leading to lower carrying costs and a more agile supply chain.
Overall, the decreasing trend in DOH signifies improved inventory turnover and better control over inventory levels, which can positively impact the company's working capital management and overall financial performance.
Peer comparison
Dec 31, 2023