Sotera Health Co (SHC)
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 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 9.77 | 11.91 | 10.63 | 9.58 | 12.03 | 11.95 | 10.89 | 9.28 | 7.60 | ||||
| DOH | days | 37.35 | 30.64 | 34.35 | 38.09 | 30.35 | 30.53 | 33.50 | 39.35 | 48.00 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.77
= 37.35
The days of inventory on hand (DOH) for Sotera Health Co have shown some variability over the past eight quarters. In Q4 2023, the company had an inventory on hand for approximately 37.35 days, which was higher compared to the previous quarter's DOH of 30.64 days. This suggests that the company might have increased its inventory levels or is taking longer to sell its products.
Looking back over the quarters, there seems to be a general trend of fluctuation in the DOH metric, with some quarters showing a decrease in inventory holding period, followed by periods of longer holding times. For example, in Q2 2022, the DOH was 33.50 days, which then increased to 39.35 days in Q1 2022.
A high DOH value can indicate that the company is carrying excess inventory or facing challenges in selling its products efficiently. On the other hand, a low DOH value may suggest potential stockouts or insufficient inventory levels to meet demand. It is important for the management of Sotera Health Co to closely monitor and manage their inventory levels to achieve an optimal balance between carrying costs and meeting customer demand.
Peer comparison
Dec 31, 2023