Sensient Technologies Corporation (SXT)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		2.28	2.18	2.20	0.73	0.75
DOH	days	160.16	167.13	165.74	499.70	485.76

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.28
= 160.16

Based on the data provided, Sensient Technologies Corporation's days of inventory on hand (DOH) has shown a decreasing trend over the years. The DOH decreased from 485.76 days as of December 31, 2020, to 499.70 days as of December 31, 2021, indicating an improvement in managing inventory levels.

Subsequently, there was a significant drop in DOH to 165.74 days as of December 31, 2022, and a slightly higher DOH of 167.13 days as of December 31, 2023, suggesting more efficient inventory management practices.

The further decrease in DOH to 160.16 days as of December 31, 2024, reflects the company's ability to optimize its inventory turnover, potentially leading to lower holding costs and improved liquidity. Overall, the decreasing trend in DOH demonstrates Sensient Technologies Corporation's efforts to streamline its operations and manage inventory effectively.