National HealthCare Corporation (NHC)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 105.04 | 104.91 | 81.42 | 77.82 | 88.70 | |
| DOH | days | 3.48 | 3.48 | 4.48 | 4.69 | 4.11 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 105.04
= 3.48
Based on the provided data, the days of inventory on hand (DOH) for National Healthcare Corp. are not provided for the years 2019 through 2023. As a result, a detailed analysis of the trend or current status of DOH for National Healthcare Corp. cannot be conducted with the available information.
Days of inventory on hand is a financial ratio that measures the average number of days a company holds its inventory before selling it. A lower DOH indicates that a company is selling its inventory quickly, which can be a positive sign of efficiency. Conversely, a higher DOH may suggest slower sales or excess inventory, which could lead to storage costs and potential obsolescence.
To assess the efficiency of National Healthcare Corp.'s inventory management and the effectiveness of their sales strategy, it would be necessary to have the DOH figures for the years in question. Further analysis would require comparison with industry benchmarks or historical data to provide meaningful insights into the company's operational performance and inventory management practices.
Peer comparison
Dec 31, 2023