US Foods Holding Corp (USFD)
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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 21.04 | 21.06 | 21.64 | 20.38 | 20.90 | 18.71 | 17.85 | 16.90 | 17.42 | 17.84 | 16.63 | 15.88 | 18.25 | 17.22 | 17.41 | 17.40 | 16.97 | 16.04 | 18.15 | 17.99 | |
| DOH | days | 17.35 | 17.33 | 16.87 | 17.91 | 17.46 | 19.51 | 20.45 | 21.60 | 20.95 | 20.46 | 21.94 | 22.99 | 20.00 | 21.20 | 20.96 | 20.98 | 21.51 | 22.76 | 20.11 | 20.29 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 21.04
= 17.35
The days of inventory on hand (DOH) for US Foods Holding Corp over the past several quarters have shown some fluctuation. The DOH has ranged from a low of 16.87 days in June 2023 to a high of 22.99 days in March 2021. Generally, a lower DOH indicates that the company is efficiently managing its inventory and turning it over quickly, while a higher DOH may suggest that the company is carrying excess inventory relative to its sales.
The trend in US Foods' DOH over the past few quarters shows some variability but seems to have generally been within a range of 16 to 23 days. It is important for the company to monitor its inventory levels closely to ensure optimal balance between meeting customer demand and minimizing excess inventory holding costs.
Analyzing the changes in DOH over time can provide insights into the company's inventory management efficiency, supply chain effectiveness, and overall operational performance. Further assessment and comparison with industry benchmarks may help in evaluating the company's competitiveness and identifying areas for improvement in inventory management practices.
Peer comparison
Dec 31, 2023