Minerals Technologies Inc (MTX)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.59 | 5.14 | 4.76 | 4.73 | 4.79 | |
| DOH | days | 79.49 | 70.97 | 76.67 | 77.12 | 76.17 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.59
= 79.49
The days of inventory on hand (DOH) for Minerals Technologies Inc has shown some fluctuations over the past five years. The trend indicates that the company has had varying levels of inventory on hand relative to its sales during this period.
In December 2020, the DOH was at 76.17 days, which increased slightly to 77.12 days by December 2021. There was a marginal decrease in DOH to 76.67 days by December 2022. However, by December 2023, there was a notable decrease in DOH to 70.97 days, indicating a more efficient management of inventory during that period.
The trend reversed in December 2024, as the DOH increased significantly to 79.49 days, suggesting that the company may have been holding higher levels of inventory relative to its sales at that time. Overall, the fluctuations in the DOH suggest that Minerals Technologies Inc may need to focus on optimizing its inventory management practices to ensure a balance between having enough inventory to meet demand and minimizing excess holding costs.
Peer comparison
Dec 31, 2024