Owens & Minor Inc (OMI)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 7.62 | 6.91 | 6.89 | 7.28 | 7.39 | 7.62 | 7.02 | 6.30 | 6.10 | 5.38 | 5.44 | 5.82 | 5.53 | 5.36 | 5.08 | 5.46 | 5.84 | 6.52 | 7.05 | 7.14 | |
| DOH | days | 47.93 | 52.80 | 52.99 | 50.13 | 49.38 | 47.88 | 52.02 | 57.90 | 59.88 | 67.88 | 67.08 | 62.73 | 66.01 | 68.16 | 71.80 | 66.79 | 62.55 | 55.98 | 51.80 | 51.15 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.62
= 47.93
The days of inventory on hand (DOH) for Owens & Minor Inc have fluctuated over the past few years, based on the data provided.
From March 31, 2020, to June 30, 2020, the DOH increased slightly from 51.15 days to 51.80 days. Thereafter, the DOH continued to rise, reaching a peak of 71.80 days on June 30, 2021. This indicates that Owens & Minor Inc was holding inventory for a longer period, which may tie up working capital and increase carrying costs.
However, there was a slight decrease in DOH by December 31, 2021, to 66.01 days, followed by a further decline to 57.90 days by March 31, 2023. This reduction suggests that the company may have implemented better inventory management practices, resulting in a lower number of days it takes to sell its inventory.
Subsequently, there was a slight fluctuation in the DOH figures for the following quarters, with some quarters showing a minor increase, such as September 30, 2023, and June 30, 2024, while others showed decreases, like December 31, 2023. Overall, the trend indicates some variability in inventory management efficiency during these periods.
It is important for Owens & Minor Inc to monitor its DOH closely to ensure optimal inventory levels, balancing between having enough inventory to meet customer demand and avoiding excess inventory that ties up resources. A thorough analysis of factors influencing inventory levels and sales trends is necessary to maintain a healthy balance and improve overall profitability.
Peer comparison
Dec 31, 2024