R1 RCM Inc (RCM)
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 | ||
|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 29.43 | — | — | — | ||||
| DOH | days | 12.40 | — | — | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 29.43
= 12.40
To analyze R1 RCM Inc.'s days of inventory on hand (DOH), we need the inventory turnover ratio to calculate this metric. Unfortunately, the specific data necessary to compute the DOH is unavailable in the provided table.
However, typically a lower DOH indicates that the company is selling its inventory quickly and efficiently, thus reducing the need for excess inventory storage and potentially freeing up working capital. On the other hand, a higher DOH suggests slower inventory turnover, potentially indicating issues such as overstocking, slow sales, or ineffective inventory management.
It is important for R1 RCM Inc. to monitor and manage its DOH effectively to optimize its working capital utilization and avoid potential risks associated with inefficient inventory management. Further data availability on inventory levels and cost of goods sold will be required to provide a more in-depth analysis of the company's inventory turnover efficiency.
Peer comparison
Dec 31, 2023