Sotera Health Co (SHC)
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 | 10.77 | 10.24 | 8.73 | 9.36 | 9.38 | 11.91 | 10.63 | 9.58 | 12.03 | 11.95 | 10.89 | 9.28 | 7.60 | 10.72 | 11.02 | 11.38 | 10.99 | 12.85 | 12.43 | 11.42 | |
| DOH | days | 33.90 | 35.65 | 41.81 | 39.01 | 38.90 | 30.64 | 34.35 | 38.09 | 30.35 | 30.53 | 33.50 | 39.35 | 48.00 | 34.06 | 33.12 | 32.08 | 33.22 | 28.41 | 29.37 | 31.97 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 10.77
= 33.90
The days of inventory on hand (DOH) for Sotera Health Co have shown fluctuations over the past few years. The DOH decreased from 31.97 days as of March 31, 2020, to 28.41 days as of September 30, 2020, indicating a more efficient management of inventory during that period. However, there was an increase in DOH to 33.22 days by December 31, 2020.
Subsequently, there were further fluctuations in DOH, reaching a peak of 48.00 days on December 31, 2021, which may suggest inventory management challenges or changes in business operations. The DOH then decreased to 30.35 days by December 31, 2022, showing improvements in managing inventory levels.
Over the following years, the trend in DOH exhibited variability but generally stayed within a range of 30 to 40 days. Of note, the DOH increased to 41.81 days as of June 30, 2024, before decreasing to 33.90 days by December 31, 2024.
Overall, the analysis of Sotera Health Co's DOH indicates fluctuations in inventory management over time, with periods of improvement and challenges in managing inventory levels effectively. Further monitoring and analysis of inventory turnover and management practices may be necessary to optimize the company's working capital efficiency.
Peer comparison
Dec 31, 2024