Valvoline Inc (VVV)
Days of inventory on hand (DOH)
| 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 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 34.03 | 31.73 | 32.95 | 38.14 | 35.09 | -11.98 | 3.16 | 18.77 | 36.29 | 9.79 | 10.29 | 10.02 | 88.07 | 7.02 | 6.91 | 6.55 | 6.87 | 6.99 | 6.77 | 7.49 | |
| DOH | days | 10.72 | 11.50 | 11.08 | 9.57 | 10.40 | — | 115.68 | 19.44 | 10.06 | 37.29 | 35.46 | 36.42 | 4.14 | 51.99 | 52.84 | 55.69 | 53.10 | 52.22 | 53.95 | 48.73 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 34.03
= 10.72
The days of inventory on hand (DOH) for Valvoline Inc has fluctuated over the past few quarters.
In the most recent quarter, as of September 30, 2024, the company had 10.72 days of inventory on hand, which indicates that it takes approximately 10.72 days for the company to sell its inventory. This is a slight decrease from the previous quarter's DOH of 11.50 days, suggesting an improvement in inventory management efficiency.
Looking back at the trend, there was a significant anomaly in the inventory management during the first quarter of 2023, with DOH reaching 115.68 days. Such a high number indicates either overstocking or slower sales, which could have negatively impacted cash flow and profitability.
Overall, based on the recent trends, Valvoline Inc seems to have improved its inventory turnover and management efficiency, which is a positive indicator for the company's operational performance and financial health. Continued monitoring of the DOH ratio will be important to ensure optimized inventory levels and sustainable operations.
Peer comparison
Sep 30, 2024