Philip Morris International Inc (PM)
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 | 1.59 | 1.58 | 1.56 | 1.52 | 1.38 | 1.48 | 1.42 | 1.20 | 1.26 | 1.75 | 1.62 | 1.37 | 1.33 | 1.37 | 1.27 | 1.21 | 1.15 | 1.42 | 1.31 | 1.35 | |
| DOH | days | 228.85 | 230.42 | 234.42 | 239.68 | 264.05 | 247.20 | 257.72 | 305.34 | 290.13 | 208.28 | 225.76 | 266.87 | 274.21 | 265.81 | 287.33 | 301.16 | 318.19 | 257.60 | 278.18 | 270.61 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.59
= 228.85
Days of Inventory on Hand (DOH) measures the average number of days it takes for a company to sell its entire inventory during a specific period. In the case of Philip Morris International Inc, the DOH has shown fluctuations over the period analyzed.
From March 31, 2020, to June 30, 2022, the DOH ranged from a high of 318.19 days to a low of 208.28 days. This indicates that the company had significant variations in managing its inventory levels during this period.
Subsequently, from December 31, 2022, to December 31, 2024, the DOH fluctuated within a narrower range, between 228.85 days and 239.68 days. This suggests that Philip Morris International Inc improved its inventory management compared to the previous period.
Overall, monitoring the DOH can provide insights into the company's efficiency in managing inventory levels and its ability to meet customer demand while avoiding excess stock. The downward trend in the DOH from the peak in 2022 towards the end of 2024 may indicate improved inventory management practices by Philip Morris International Inc.
Peer comparison
Dec 31, 2024
See also:
Philip Morris International Inc Average Inventory Processing Period (Quarterly Data)