Metallus Inc (MTUS)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		5.54	6.66	5.50	5.04	4.62
DOH	days	65.90	54.84	66.32	72.36	79.03

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.54
= 65.90

The days of inventory on hand (DOH) for Metallus Inc have shown fluctuations over the past five years. The company's DOH was 65.90 days as of December 31, 2023, compared to 54.84 days in 2022, 66.32 days in 2021, 72.36 days in 2020, and 79.03 days in 2019.

A lower DOH indicates that Metallus Inc is efficiently managing its inventory by quickly selling through its stock, which can positively impact cash flow and reduce holding costs. However, the increase in DOH from 2022 to 2023 may suggest that the company is either experiencing slower sales or facing challenges in inventory management.

It is essential for Metallus Inc to closely monitor its inventory levels and sales performance to ensure optimal inventory turnover. By analyzing the trend in DOH over the years, the company can make informed decisions to optimize its inventory management practices and improve overall operational efficiency.