Tenet Healthcare Corporation (THC)

Days of Inventory on Hand (DOH) is a financial metric that indicates the average number of days it takes for a company to sell its inventory. A lower DOH value is generally more favorable as it suggests efficient inventory turnover.

Analyzing the DOH data for Tenet Healthcare Corporation over the years:
- In December 31, 2020, the DOH was 45.04 days, indicating that on average, it took around 45 days for Tenet Healthcare to sell its inventory.
- By December 31, 2021, the DOH decreased to 42.12 days, showing an improvement in inventory turnover efficiency.
- In December 31, 2022, the DOH slightly increased to 45.16 days, suggesting a longer time to sell inventory compared to the previous year.
- By December 31, 2023, the DOH decreased significantly to 41.79 days, indicating a more efficient inventory management process.
- The most notable change occurred by December 31, 2024, with the DOH drastically reducing to 14.35 days, signaling a substantial improvement in inventory turnover efficiency and potentially more streamlined operations.

Overall, the trend in Tenet Healthcare Corporation's DOH reflects fluctuations in inventory management efficiency over the years, with a significant improvement in the most recent year, which could positively impact the company's working capital management and profitability.

Peer comparison

Dec 31, 2024