West Pharmaceutical Services Inc (WST)
Days of inventory on hand (DOH)
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 5.02 | 4.67 | 4.41 | 4.28 | 4.19 | 4.20 | 3.95 | 3.94 | 4.22 | 4.20 | 4.21 | 4.06 | 4.38 | 4.51 | 4.43 | 4.69 | 4.29 | 4.50 | 4.67 | 5.03 | |
| DOH | days | 72.68 | 78.23 | 82.76 | 85.26 | 87.15 | 86.91 | 92.51 | 92.67 | 86.48 | 86.94 | 86.66 | 89.83 | 83.41 | 80.98 | 82.36 | 77.90 | 85.04 | 81.09 | 78.22 | 72.60 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.02
= 72.68
The days of inventory on hand (DOH) for West Pharmaceutical Services Inc have shown some fluctuation over the past few years. From March 31, 2020, to June 30, 2020, there was an increase in DOH from 72.60 days to 78.22 days, indicating that inventory was being held for a longer period. This trend continued, with DOH reaching 85.04 days by December 31, 2020.
However, there was a slight decrease in DOH by March 31, 2021, to 77.90 days, suggesting a possible effort to manage inventory levels more efficiently. The DOH then increased again to 82.36 days by June 30, 2021, before slightly declining to 80.98 days by September 30, 2021.
By the end of December 31, 2021, the DOH rose to 83.41 days, indicating a potential buildup of inventory. This trend continued into March 31, 2022, with DOH reaching 89.83 days, signifying a longer period of holding inventory.
There was a slight decrease in DOH by June 30, 2022, to 86.66 days, followed by a further decrease to 86.94 days by September 30, 2022. By the end of December 31, 2022, the DOH was 86.48 days.
The DOH reached its peak at March 31, 2023, with 92.67 days, before slightly decreasing to 92.51 days by June 30, 2023. By September 30, 2023, the DOH was 86.91 days, indicating some improvement in managing inventory levels. This trend continued into December 31, 2023, with DOH remaining relatively stable at 87.15 days.
By March 31, 2024, there was a further decrease in DOH to 85.26 days, followed by a larger decline to 82.76 days by June 30, 2024. By September 30, 2024, the DOH decreased significantly to 78.23 days, indicating a more efficient management of inventory levels by the company.
Overall, the analysis of West Pharmaceutical Services Inc's days of inventory on hand shows fluctuations in inventory management practices over the years, with periods of inventory buildup and more efficient inventory control strategies.
Peer comparison
Dec 31, 2024