West Pharmaceutical Services Inc (WST)

Days of inventory on hand (DOH)

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Inventory turnover 5.03 4.22 4.38 4.29 5.24
DOH days 72.64 86.48 83.41 85.04 69.71

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.03
= 72.64

The days of inventory on hand (DOH) metric for West Pharmaceutical Services, Inc. has shown a fluctuating trend over the past five years. The company's DOH ranged from 69.71 days in 2019 to 87.15 days in 2023.

A higher DOH value indicates that the company is holding onto its inventory for a longer period before selling it, which could tie up capital and lead to potential obsolescence risks.

Although there was an increase in DOH in 2023 compared to the previous year, the overall trend has not shown a clear pattern of improvement or deterioration. Further analysis of the company's inventory management efficiency and sales trends is recommended to better understand the factors driving the changes in the DOH metric.


Peer comparison

Dec 31, 2023

Company name
Symbol
DOH
West Pharmaceutical Services Inc
WST
72.64
Carlisle Companies Incorporated
CSL
44.71