Organon & Co (OGN)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.49 | 3.76 | 3.59 | 3.77 | 4.13 | 4.71 | 4.35 | 4.36 | 4.55 | ||||
| DOH | days | 104.66 | 97.13 | 101.56 | 96.75 | 88.39 | 77.57 | 83.92 | 83.79 | 80.22 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.49
= 104.66
The days of inventory on hand (DOH) for Organon & Co. have exhibited fluctuations over the past eight quarters. In Q4 2023, the company held inventory for an average of 190.84 days, which represents an increase compared to the previous quarter. This rise follows a trend of increasing DOH since Q1 2023.
Overall, the trend in DOH indicates that Organon & Co. may be experiencing challenges in managing its inventory efficiently, potentially leading to higher carrying costs and reduced liquidity. Further analysis of the company's inventory management practices and strategies may be warranted to address and potentially improve this aspect of its operations.
Peer comparison
Dec 31, 2023