Envista Holdings Corp (NVST)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 15.05 | 4.35 | 3.64 | 4.10 | 4.05 | |
| DOH | days | 24.25 | 83.89 | 100.33 | 88.96 | 90.17 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 15.05
= 24.25
The days of inventory on hand (DOH) for Envista Holdings Corp show a fluctuating trend over the past five years. As of December 31, 2020, the company had approximately 90.17 days of inventory on hand, which decreased slightly to 88.96 days by the end of 2021. However, there was a notable increase in the DOH to 100.33 days by December 31, 2022.
Subsequently, there was a significant decrease in the days of inventory on hand to 83.89 days by the end of 2023, indicating a potential improvement in inventory management efficiency. The most striking change occurred by December 31, 2024, where the DOH dramatically decreased to 24.25 days, which reflects a substantial reduction in inventory levels and potentially signals a more optimized inventory control strategy by the company.
Overall, the fluctuations in Envista Holdings Corp's days of inventory on hand suggest varying levels of inventory management effectiveness and efficiency over the past five years, with a notable improvement shown towards the end of the period.
Peer comparison
Dec 31, 2024