Stericycle Inc (SRCL)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | 81.14 | 59.30 | 43.15 | 59.25 | |
| DOH | days | — | 4.50 | 6.15 | 8.46 | 6.16 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
Based on the information provided, we observe that the days of inventory on hand (DOH) for Stericycle Inc. is not available for the years 2019 through 2023. This lack of data restricts our ability to evaluate the efficiency of Stericycle's inventory management over this period.
Days of inventory on hand is a crucial metric that indicates the number of days a company holds its inventory before it is sold. A lower DOH value typically suggests efficient inventory turnover and management, whereas a higher value may indicate slow-moving inventory or potential obsolescence.
Without specific data on Stericycle's DOH for the past five years, we are unable to assess the effectiveness of the company's inventory management practices. It is important for investors and analysts to monitor this metric to gain insights into the company's operational efficiency, liquidity, and potential risks related to excess inventory.
It is recommended that stakeholders seek additional information or disclosures from Stericycle Inc. to better understand and analyze the company's inventory management performance in order to make informed investment decisions.
Peer comparison
Dec 31, 2023