Universal Health Services Inc (UHS)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 43.09 | 41.22 | 39.92 | 38.92 | 46.46 | |
| DOH | days | 8.47 | 8.85 | 9.14 | 9.38 | 7.86 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 43.09
= 8.47
Days of Inventory on Hand (DOH) is a financial ratio that measures the number of days a company holds inventory before selling it. A lower DOH indicates a more efficient inventory management system, while a higher DOH may suggest slower inventory turnover.
Unfortunately, without specific data points for Universal Health Services, Inc. for the years provided (Dec 31, 2023, Dec 31, 2022, Dec 31, 2021, Dec 31, 2020, Dec 31, 2019), we are unable to calculate or analyze the trend in its DOH over time.
To assess the significance of changes in Universal Health Services, Inc.'s DOH, further details such as the industry averages, competitors' ratios, and historical trends within the company would be necessary for a comprehensive evaluation of its inventory management efficiency.
Peer comparison
Dec 31, 2023