Owens & Minor Inc (OMI)
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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 7.39 | 7.62 | 7.02 | 6.30 | 6.10 | 5.38 | 5.44 | 5.82 | 5.51 | 5.36 | 5.08 | 5.46 | 5.84 | 6.52 | 7.02 | 7.09 | 7.05 | 7.14 | 6.73 | 6.92 | |
| DOH | days | 49.38 | 47.88 | 52.02 | 57.90 | 59.88 | 67.88 | 67.08 | 62.73 | 66.19 | 68.16 | 71.80 | 66.79 | 62.55 | 55.98 | 51.97 | 51.48 | 51.76 | 51.13 | 54.23 | 52.77 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.39
= 49.38
To analyze Owens & Minor, Inc.'s days of inventory on hand (DOH) over the past eight quarters, we observe a general downward trend from Q1 2022 to Q2 2023. The company's inventory turnover has improved from 67.08 days in Q2 2022 to 52.02 days in Q2 2023.
A lower DOH value indicates that the company is selling its inventory faster, which may lead to lower carrying costs and reduced risk of obsolescence. Owens & Minor's inventory management appears to have become more efficient over the recent quarters.
However, it is noteworthy that the DOH increased slightly in Q3 2023 compared to Q2 2023, rising from 47.88 days to 49.38 days. This could be attributed to seasonal factors, changes in demand patterns, or supply chain disruptions.
Overall, while the fluctuation in DOH should be further monitored, the downward trend in the past quarters signals an improvement in Owens & Minor's inventory management efficiency, which can positively impact the company's working capital management and profitability.
Peer comparison
Dec 31, 2023