Dentsply Sirona Inc (XRAY)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.53 | 7.89 | 3.48 | 7.46 | 6.87 | |
| DOH | days | 55.86 | 46.28 | 105.01 | 48.94 | 53.17 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.53
= 55.86
The days of inventory on hand (DOH) for DENTSPLY Sirona Inc have fluctuated over the past five years. In 2023, the company had 121.21 days of inventory on hand, showing an improvement from the previous year where it was 127.50 days. This indicates that the company was more efficient in managing its inventory levels in 2023.
Comparing to 2021 when the DOH was 99.77 days, there was a slight increase in 2023, suggesting a potential buildup of inventory on hand. However, the current level is still lower than in 2020 and 2019, where the company held inventory for 100.94 and 109.98 days respectively.
Overall, the trend in DOH for DENTSPLY Sirona Inc indicates some variability in inventory management efficiency over the years, with a notable improvement from 2022 to 2023. Further analysis and comparison with industry benchmarks would provide more insights into the company's inventory management performance.
Peer comparison
Dec 31, 2023