Dentsply Sirona Inc (XRAY)
Days of inventory on hand (DOH)
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.50 | 6.17 | 7.47 | 7.38 | 7.59 | 7.21 | 5.35 | 5.65 | 6.08 | 5.49 | 5.48 | 2,675.20 | 6.03 | 7.19 | 6.48 | 6.61 | 6.70 | 6.23 | 6.24 | 6.42 | |
| DOH | days | 104.43 | 59.17 | 48.88 | 49.43 | 48.11 | 50.64 | 68.21 | 64.65 | 60.02 | 66.54 | 66.64 | 0.14 | 60.57 | 50.76 | 56.37 | 55.24 | 54.51 | 58.62 | 58.46 | 56.89 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.50
= 104.43
The Days of Inventory on Hand (DOH) for DENTSPLY Sirona Inc has shown some fluctuations over the past eight quarters. In Q1 2022, the company had 107.14 days' worth of inventory on hand, which increased to 114.20 days in Q2 2022 and further to 118.40 days in Q3 2022. However, the DOH decreased in Q4 2022 to 127.50 days.
The trend of increasing DOH continued into 2023, with Q1 2023 recording 133.19 days of inventory on hand, which decreased slightly in Q2 2023 to 130.19 days. Subsequently, in Q3 2023, the DOH decreased further to 128.09 days and then to 121.21 days in Q4 2023.
Overall, the variation in the Days of Inventory on Hand for DENTSPLY Sirona Inc indicates potential shifts in inventory management practices or sales performance. A higher DOH suggests slower inventory turnover and potential excess inventory levels, while a lower DOH may reflect efficient inventory management but could also be a sign of potential stockouts or production disruptions. Companies should assess their inventory levels relative to demand to optimize working capital and operational efficiency.
Peer comparison
Dec 31, 2023