Enviri Corporation (NVRI)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 18.93 | 19.09 | 21.14 | 20.37 | 1.77 | |
| DOH | days | 19.28 | 19.12 | 17.26 | 17.92 | 206.79 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 18.93
= 19.28
The days of inventory on hand (DOH) for Enviri Corp has shown a decreasing trend over the past five years, indicating improved efficiency in managing inventory levels.
In 2019, the company held inventory for an average of 50.08 days, which decreased substantially to 42.08 days in 2020. This reduction suggests that the company managed to streamline its inventory processes and turnover rate.
Further improvement was seen in 2021, with the DOH dropping to 17.26 days. This sharp decline indicates that Enviri Corp was able to better synchronize its production and sales activities, leading to a faster inventory turnover.
The trend continued in 2022 and 2023, with the DOH remaining relatively stable at around 19 days. This consistency suggests that the company has maintained its efficient inventory management practices.
Overall, the decreasing trend in DOH over the years reflects a positive development for Enviri Corp, indicating enhanced operational efficiency and potentially lower carrying costs associated with excess inventory.