Universal Corporation (UVV)
Days of inventory on hand (DOH)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.06 | 2.18 | 1.83 | 1.53 | 1.58 | 1.80 | 1.66 | 1.69 | 2.04 | 1.92 | 1.61 | 1.37 | 1.67 | 1.64 | 1.65 | 1.60 | 2.03 | 1.70 | 1.50 | 1.64 | |
| DOH | days | 177.34 | 167.07 | 199.52 | 238.13 | 231.31 | 203.32 | 219.56 | 216.31 | 179.22 | 190.53 | 226.68 | 265.73 | 218.97 | 223.20 | 221.14 | 228.20 | 179.74 | 215.10 | 243.57 | 222.97 |
March 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.06
= 177.34
The days of inventory on hand (DOH) ratio for Universal Corporation has shown some fluctuations over the past few quarters. From June 30, 2020, to March 31, 2022, DOH ranged from 179.74 days to 265.73 days, indicating varying levels of inventory management efficiency during this period.
There were notable improvements in inventory management efficiency in the later quarters of 2022 and early 2023, with DOH decreasing to as low as 167.07 days by December 31, 2024. This suggests that the company was able to more effectively manage its inventory levels during this period.
However, there was a slight increase in DOH by March 31, 2025, to 177.34 days, indicating a potential buildup of inventory levels compared to the previous quarter. This increase may warrant further investigation into the company's inventory management practices during this period.
Overall, the trend in Universal Corporation's days of inventory on hand ratio reflects fluctuations in inventory management efficiency, with periods of improvement followed by slight increases in inventory levels. It may be beneficial for the company to continue monitoring and optimizing its inventory management processes to ensure optimal utilization of resources.
Peer comparison
Mar 31, 2025