Metallus Inc (MTUS)

Days of inventory on hand (DOH)

		Mar 31, 2024	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
Inventory turnover		5.28	5.54	4.84	4.66	5.21	6.66	6.35	4.87	5.22	5.50	5.00	4.77	4.42	5.04	5.70	5.09	5.04	4.62	4.98	4.98
DOH	days	69.14	65.90	75.36	78.25	70.12	54.84	57.51	74.96	69.97	66.33	72.96	76.55	82.65	72.35	64.06	71.76	72.47	79.03	73.27	73.31

March 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.28
= 69.14

The trend in Metallus Inc's days of inventory on hand (DOH) shows some variability over the periods analyzed.

The DOH has fluctuated between a low of 54.84 days on December 31, 2022, and a high of 82.65 days on March 31, 2021, indicating some inconsistency in managing inventory levels. It is noteworthy that the DOH has exceeded 70 days in several instances, suggesting that Metallus Inc may be carrying excess inventory which could tie up company funds and impact profitability.

Overall, there seems to be room for improvement in inventory management efficiency to reduce the number of days inventory is held on hand, which could help optimize working capital and enhance overall operational performance. Monitoring and possibly implementing inventory control measures can be beneficial in achieving a more optimal balance between maintaining sufficient inventory levels to meet customer demand and avoiding unnecessary carrying costs.