Omnicom Group Inc (OMC)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 8.30 | 9.52 | 9.73 | 10.07 | 10.76 | |
| DOH | days | 43.95 | 38.35 | 37.52 | 36.25 | 33.91 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.30
= 43.95
Omnicom Group Inc's days of inventory on hand (DOH) has shown a gradual increase over the years, from 33.91 days as of December 31, 2020, to 43.95 days as of December 31, 2024. This indicates that the company is holding inventory for a longer period before selling it. A rising DOH can suggest potential inefficiencies in inventory management, such as overstocking or slow-moving inventory. It could also tie up capital and result in higher carrying costs. Omnicom Group Inc should closely monitor its inventory levels and processes to optimize performance and maintain a healthy balance between inventory turnover and carrying costs.
Peer comparison
Dec 31, 2024