Dentsply Sirona Inc (XRAY)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.25 | 3.01 | 2.86 | 3.75 | 3.62 | |
| DOH | days | 112.19 | 121.21 | 127.50 | 97.33 | 100.94 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.25
= 112.19
Based on the provided data, Dentsply Sirona Inc's Days of Inventory on Hand (DOH) has shown some fluctuations over the years.
As of December 31, 2020, the company had 100.94 days of inventory on hand, indicating that it took approximately 100.94 days to sell its inventory. By December 31, 2021, this number slightly decreased to 97.33 days, suggesting an improvement in inventory management efficiency.
However, there was a significant increase in DOH by December 31, 2022, reaching 127.50 days. This could imply potential issues such as overstocking, slow-moving inventory, or changing market conditions affecting sales.
The following year, by December 31, 2023, the DOH decreased to 121.21 days, showing some improvement compared to the previous year but still at a relatively high level.
Subsequently, by December 31, 2024, the DOH decreased further to 112.19 days, indicating a positive trend towards inventory management efficiency.
Overall, the trend in Dentsply Sirona Inc's DOH suggests some fluctuations over the years, with potential areas for improvement in managing inventory levels effectively to ensure optimal operations and financial performance.
Peer comparison
Dec 31, 2024