Sotera Health Co (SHC)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 10.13 | 9.08 | 12.03 | 7.60 | 10.99 | |
| DOH | days | 36.02 | 40.19 | 30.35 | 48.00 | 33.22 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 10.13
= 36.02
The days of inventory on hand (DOH) for Sotera Health Co have shown fluctuations over the years based on the provided data. The DOH increased from 33.22 days as of December 31, 2020, to 48.00 days as of December 31, 2021, indicating an increase in the average number of days it takes for the company to sell its inventory.
Subsequently, the DOH decreased to 30.35 days as of December 31, 2022, suggesting an improvement in inventory management efficiency. However, there was a slight increase to 40.19 days as of December 31, 2023, indicating a longer period for inventory turnover compared to the previous year.
As of December 31, 2024, the DOH stood at 36.02 days, showing a moderate decrease compared to the previous year. Overall, the trend in the days of inventory on hand for Sotera Health Co reflects some fluctuations, which could imply variations in inventory management practices and sales performance over the analyzed period.
Peer comparison
Dec 31, 2024