National HealthCare Corporation (NHC)
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 | 97.26 | 105.90 | 120.39 | 117.13 | 105.04 | 101.79 | 106.00 | 106.66 | 104.91 | 103.70 | 100.80 | 84.36 | 81.42 | 78.04 | 85.25 | 84.14 | 77.82 | 94.62 | 94.04 | 84.00 | |
| DOH | days | 3.75 | 3.45 | 3.03 | 3.12 | 3.48 | 3.59 | 3.44 | 3.42 | 3.48 | 3.52 | 3.62 | 4.33 | 4.48 | 4.68 | 4.28 | 4.34 | 4.69 | 3.86 | 3.88 | 4.35 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 97.26
= 3.75
The Days of Inventory on Hand (DOH) measures the average number of days a company holds its inventory before selling it. In the case of National HealthCare Corporation, the DOH has shown fluctuating trends over the past several quarters.
From March 31, 2020, to June 30, 2020, the DOH decreased from 4.35 days to 3.88 days. This indicates the company was able to manage its inventory more efficiently during this period. However, the DOH increased to 4.69 days by December 31, 2020, suggesting a potential buildup of inventory.
Subsequently, the DOH fluctuated between 4.34 and 3.62 days from March 31, 2021, to June 30, 2022. These fluctuations could be due to changes in demand or inventory management strategies within the company.
From September 30, 2022, to December 31, 2024, the DOH showed a decreasing trend, declining from 3.52 days to 3.75 days. This downward trend indicates that the company may have improved its inventory turnover efficiency, leading to a shorter holding period for inventory.
Overall, National HealthCare Corporation's DOH has experienced fluctuations but has shown a general trend towards lower inventory holding days, which could suggest improved inventory management practices or adjustments in response to market conditions.
Peer comparison
Dec 31, 2024