Newell Brands Inc (NWL)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.44 | 4.15 | 4.64 | 6.16 | 6.36 | |
| DOH | days | 67.10 | 87.87 | 78.67 | 59.27 | 57.38 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.44
= 67.10
The days of inventory on hand (DOH) for Newell Brands Inc has varied over the past five years, ranging from a low of 90.28 days in 2019 to a high of 121.37 days in 2022. In 2023, the company's DOH decreased to 96.68 days, which suggests that Newell Brands was able to manage its inventory more efficiently compared to the previous year. However, it is important to note that the DOH in 2023 is still higher than the levels seen in 2019 and 2020. This indicates that there might still be room for improvement in inventory management practices to optimize working capital and reduce holding costs. Overall, monitoring trends in DOH can provide insights into the company's inventory management efficiency and effectiveness in utilizing its resources.
Peer comparison
Dec 31, 2023