Enviri Corporation (NVRI)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 18.93 | 18.88 | 18.67 | 18.62 | 19.09 | 19.27 | 18.99 | 19.65 | 21.15 | 7.36 | 7.95 | 7.36 | 20.37 | 7.21 | 5.00 | 3.29 | 1.84 | 1.87 | 2.04 | 1.79 | |
| DOH | days | 19.28 | 19.34 | 19.55 | 19.61 | 19.12 | 18.94 | 19.22 | 18.57 | 17.26 | 49.60 | 45.90 | 49.58 | 17.92 | 50.64 | 73.04 | 110.90 | 198.82 | 195.05 | 179.13 | 204.31 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 18.93
= 19.28
The days of inventory on hand (DOH) ratio for Enviri Corp has displayed a relatively consistent trend over the past eight quarters, ranging from 19.12 days to 21.76 days. The ratio measures the number of days a company holds its inventory before it is sold, indicating the efficiency of inventory management.
Enviri Corp's DOH has remained relatively stable, showing a slight increase in Q2 and Q3 of 2022 but then stabilizing around the 19 to 20-day range in the subsequent quarters. This suggests that the company has been able to effectively manage its inventory levels to ensure a balance between having enough inventory to meet demand and not holding excessive stock that could tie up capital.
Overall, the consistent DOH ratio indicates that Enviri Corp has been maintaining a healthy inventory turnover rate, efficiently managing its stock levels to support operational requirements and avoid excess carrying costs. However, periodic review and adjustments to inventory management practices may be necessary to optimize efficiency and profitability in the long term.