Newell Brands Inc (NWL)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 5.44 | 4.46 | 4.10 | 3.60 | 3.81 | 3.44 | 3.56 | 3.99 | 4.36 | 4.57 | 4.65 | 4.68 | 6.16 | 6.73 | 6.70 | 6.75 | 6.22 | 9.82 | 9.56 | 9.52 | |
| DOH | days | 67.12 | 81.82 | 89.05 | 101.33 | 95.69 | 106.19 | 102.53 | 91.43 | 83.65 | 79.94 | 78.43 | 77.98 | 59.25 | 54.23 | 54.45 | 54.06 | 58.70 | 37.16 | 38.19 | 38.34 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.44
= 67.12
To analyze Newell Brands Inc's days of inventory on hand (DOH), we examine the trend over the past eight quarters. DOH represents the average number of days it takes for a company to sell its inventory. A lower DOH typically indicates that a company is managing its inventory efficiently.
In Q4 2023, Newell Brands Inc had a DOH of 96.68 days, which decreased compared to the previous quarter. This suggests that the company was able to sell its inventory more quickly in the most recent period.
Looking at the trend over the past two years, we observe fluctuations in the DOH metric. Q1 2023 had the highest DOH at 129.78 days, indicating a significant slowdown in inventory turnover. Conversely, Q4 2022 had a relatively lower DOH of 121.37 days.
Overall, Newell Brands Inc's DOH has shown variability over the analyzed periods, with occasional increases and decreases in inventory turnover efficiency. Further analysis of the underlying factors affecting inventory management and sales performance would provide more insights into the company's operational effectiveness.
Peer comparison
Dec 31, 2023