Owens & Minor Inc (OMI)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 9.45 | 7.39 | 6.10 | 5.53 | 5.84 | |
| DOH | days | 38.61 | 49.38 | 59.88 | 66.01 | 62.55 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.45
= 38.61
Owens & Minor Inc's days of inventory on hand (DOH) has shown a fluctuating trend over the past five years. The DOH increased from 62.55 days as of December 31, 2020, to 66.01 days as of December 31, 2021, indicating a potential slower turnover of inventory. However, there was a significant improvement in efficiency observed as the DOH decreased to 59.88 days by the end of 2022 and further dropped to 49.38 days by December 31, 2023. This decline suggests that the company may have implemented more effective inventory management practices during these periods.
Moreover, the most notable improvement was seen in the latest year ending December 31, 2024, with the DOH sharply decreasing to 38.61 days. This substantial reduction indicates a significant enhancement in the company's inventory turnover efficiency, which could lead to lower holding costs and better utilization of resources.
Overall, while there have been some fluctuations in Owens & Minor Inc's DOH in the recent years, the downward trend in the most recent period suggests improved inventory management and operational efficiency. However, it is essential for the company to continue monitoring and optimizing its inventory levels to maintain this positive trend and enhance its financial performance.
Peer comparison
Dec 31, 2024