Philip Morris International Inc (PM)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 1.64 | 1.41 | 1.25 | 1.40 | 1.19 | |
| DOH | days | 221.96 | 258.60 | 291.05 | 261.61 | 306.19 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.64
= 221.96
The days of inventory on hand (DOH) ratio for Philip Morris International Inc has shown a fluctuating trend over the past five years.
Starting at 306.19 days on December 31, 2020, the company's DOH decreased to 261.61 days by the end of 2021, indicating a potential improvement in inventory management efficiency.
However, there was an increase recorded in the following year, with DOH rising to 291.05 days by December 31, 2022, suggesting a possible buildup of inventory levels.
Subsequently, there was a notable decrease in DOH to 258.60 days by December 31, 2023, which could imply a more streamlined approach to managing inventory.
The most significant improvement was seen by the end of 2024, where the DOH had dropped to 221.96 days, indicating a more efficient management of inventory levels, potentially resulting in cost savings and operational efficiency for the company.
Overall, the fluctuation in the days of inventory on hand ratio for Philip Morris International Inc over the five-year period suggests varying levels of efficiency in managing inventory, and it would be important for the company to continue monitoring and optimizing its inventory control practices to ensure optimal performance.
Peer comparison
Dec 31, 2024
See also:
Philip Morris International Inc Average Inventory Processing Period