Owens & Minor Inc (OMI)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 7.39 | 6.10 | 5.51 | 5.84 | 7.05 | |
| DOH | days | 49.38 | 59.88 | 66.19 | 62.55 | 51.76 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.39
= 49.38
Based on the data provided, Owens & Minor, Inc.'s days of inventory on hand (DOH) have shown a fluctuating trend over the past five years.
In 2019, the company had an average of 51.76 days of inventory on hand. This number increased to 62.55 days in 2020, indicating a potential buildup of inventory or slower inventory turnover during that period.
The trend continued in 2021, with the DOH increasing to 66.01 days, suggesting a further delay in converting inventory into sales. However, in 2022, there was a slight improvement as the DOH decreased to 59.88 days, indicating a more efficient inventory management process compared to the previous year.
The most recent data for 2023 shows a significant decrease in the DOH to 49.38 days, which could signal improved inventory management efficiency or a more effective sales strategy resulting in quicker inventory turnover.
Overall, fluctuations in the DOH metric for Owens & Minor, Inc. over the years suggest variations in inventory management practices that may have impacted the company's operational efficiency and financial performance. Monitoring this ratio over time can help assess the effectiveness of inventory management strategies and their influence on the company's profitability.
Peer comparison
Dec 31, 2023