Premier Inc (PINC)
Days of inventory on hand (DOH)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.74 | 5.72 | 4.58 | 5.01 | 6.10 | |
| DOH | days | 63.55 | 63.85 | 79.72 | 72.84 | 59.88 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.74
= 63.55
Premier Inc's Days of Inventory on Hand (DOH) provides insight into how efficiently the company manages its inventory. The trend analysis reveals fluctuations in the DOH metric over the past five years.
In Jun 2020, Premier Inc had 59.88 days worth of inventory on hand. This number increased to 72.84 days in Jun 2021, indicating a potential inefficiency in managing inventory levels. However, the DOH decreased to 79.72 days in Jun 2022, showing improvement in inventory management.
Subsequently, in Jun 2023, the DOH slightly decreased to 63.85 days, reflecting a more efficient inventory turnover. Finally, in Jun 2024, Premier Inc achieved a DOH of 63.55 days, showcasing a consistent and steady performance in managing inventory levels.
Overall, Premier Inc has shown a mix of fluctuations and improvements in its Days of Inventory on Hand metric over the past five years, with a notable improvement in inventory efficiency in recent years.
Peer comparison
Jun 30, 2024