Envista Holdings Corp (NVST)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.35 | 3.64 | 4.10 | 4.05 | 3.37 | |
| DOH | days | 83.89 | 100.33 | 88.96 | 90.17 | 108.42 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.35
= 83.89
The Days of Inventory on Hand (DOH) ratio for Envista Holdings Corp has shown fluctuating trends over the past five years. In 2023, the DOH decreased to 83.89 days from 100.33 days in 2022, indicating that the company took fewer days to sell its inventory in 2023 compared to the previous year. This could imply more efficient inventory management or successful sales strategies.
In 2021, the DOH was 88.96 days, slightly lower than in 2020 (86.68 days), suggesting a relatively stable inventory turnover period during that time. The lowest DOH was recorded in 2019 at 81.90 days, indicating a quick turnover of inventory that year.
Overall, the fluctuations in Envista Holdings Corp's DOH suggest varying levels of efficiency in managing inventory and selling products over the years. Investors and stakeholders may monitor this ratio to assess the company's ability to manage inventory levels effectively and optimize working capital.
Peer comparison
Dec 31, 2023