Minerals Technologies Inc (MTX)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.59 | 4.63 | 4.83 | 5.02 | 5.11 | 4.96 | 4.74 | 4.56 | 4.76 | 4.71 | 4.58 | 4.40 | 4.73 | 4.83 | 4.93 | 4.93 | 4.79 | 4.71 | 4.63 | 5.29 | |
| DOH | days | 79.49 | 78.82 | 75.50 | 72.73 | 71.43 | 73.61 | 76.95 | 80.00 | 76.67 | 77.56 | 79.64 | 82.97 | 77.12 | 75.63 | 74.02 | 74.02 | 76.17 | 77.53 | 78.81 | 69.00 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.59
= 79.49
The days of inventory on hand (DOH) for Minerals Technologies Inc fluctuated over the analyzed period, ranging from 69.00 days to 82.97 days. The trend shows some variation but generally hovers around the mid-70s to low 80s range.
It is essential to note that a high DOH may indicate slow-moving or obsolete inventory, potentially tying up working capital and leading to storage costs. Conversely, a low DOH may suggest efficient inventory management but could also point to the risk of stockouts.
In interpreting the DOH ratio for Minerals Technologies Inc, it is advisable to compare it with industry benchmarks or historical trends for the company to assess efficiency in managing inventory levels. Further analysis, such as comparing DOH with sales trends and production levels, would provide a more comprehensive understanding of the company's inventory management practices.
Peer comparison
Dec 31, 2024