Envista Holdings Corp (NVST)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 14.88 | 14.52 | 14.51 | 9.75 | 10.03 | 8.35 | 7.85 | 7.59 | 7.69 | 8.01 | 8.06 | 8.12 | 8.52 | 9.47 | 8.22 | 8.78 | 11.72 | 7.03 | |
| DOH | days | 24.53 | 25.14 | 25.16 | 37.43 | 36.40 | 43.71 | 46.47 | 48.09 | 47.49 | 45.57 | 45.30 | 44.95 | 42.82 | 38.55 | 44.39 | 41.57 | 31.13 | 51.92 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 14.88
= 24.53
The days of inventory on hand (DOH) for Envista Holdings Corp have varied over the given time period. Analyzing the data provided, we observe fluctuations in the company's inventory management efficiency.
- On September 30, 2020, the DOH was 51.92 days, indicating that, on average, it took approximately 52 days for Envista to sell its inventory.
- By December 31, 2020, the DOH decreased to 31.13 days, suggesting an improvement in inventory turnover efficiency.
- The DOH increased to 41.57 days by March 31, 2021, reflecting a slower inventory turnover rate compared to the previous period.
- Subsequently, the DOH fluctuated between 38 and 46 days in the following periods, indicating some inconsistency in managing inventory levels.
- Notably, by the end of December 31, 2024, the DOH decreased significantly to 24.53 days. This implies that Envista was able to sell its inventory more quickly, which could lead to lower holding costs and potentially improved cash flows.
In conclusion, Envista Holdings Corp's DOH has shown variability over the period analyzed, pointing to changes in inventory management practices that could impact the company's operational efficiency and financial performance. Monitoring and optimizing inventory turnover rates are crucial for maintaining healthy working capital levels and profitability.
Peer comparison
Dec 31, 2024