Enviri Corporation (NVRI)
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 | 10.52 | 9.33 | 9.46 | 8.98 | 18.78 | 18.88 | 18.67 | 18.62 | 19.09 | 19.27 | 19.72 | 21.45 | 24.01 | 10.53 | 10.76 | 9.36 | 8.67 | 8.28 | 7.53 | 7.20 | |
| DOH | days | 34.70 | 39.14 | 38.57 | 40.67 | 19.44 | 19.34 | 19.55 | 19.61 | 19.12 | 18.94 | 18.51 | 17.02 | 15.20 | 34.65 | 33.93 | 39.01 | 42.08 | 44.07 | 48.45 | 50.66 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 10.52
= 34.70
Days of inventory on hand (DOH) is a financial ratio that measures how many days, on average, a company holds inventory before it is sold. For Enviri Corporation, the DOH has shown fluctuations over the years based on the data provided.
From March 31, 2020, to June 30, 2021, the trend in DOH was decreasing, indicating that the company was managing its inventory more efficiently. However, from September 30, 2021, to December 31, 2022, there was a slight increase in DOH, suggesting a potential buildup of inventory or changes in sales patterns.
The DOH significantly dropped from December 31, 2022, to March 31, 2023, and has remained relatively stable since then, with minor fluctuations but staying within the range of 18 to 40 days. This could indicate that Enviri Corporation has improved its inventory management practices or experienced changes in demand patterns impacting their inventory turnover.
Overall, Enviri Corporation's DOH has shown variability over the years, and it is important for the company to continuously monitor and optimize its inventory levels to balance between meeting customer demand and minimizing carrying costs.