AAON Inc (AAON)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.29 | 3.60 | 3.27 | 3.05 | 4.36 | |
| DOH | days | 85.14 | 101.29 | 111.50 | 119.86 | 83.66 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.29
= 85.14
AAON Inc's days of inventory on hand (DOH) has fluctuated over the past five years. Starting at 83.66 days on December 31, 2020, the DOH increased to 119.86 days by December 31, 2021, indicating a longer period that the inventory is sitting idle. However, there was a slight decrease to 111.50 days on December 31, 2022. Subsequently, the DOH further decreased to 101.29 days by December 31, 2023. The trend continued with a decrease to 85.14 days on December 31, 2024, showing an improvement in inventory management efficiency.
Overall, the company has shown some variability in managing its inventory levels over the years, with a recent positive trend in reducing DOH, which suggests a more efficient handling of inventory. Monitoring this metric going forward will be crucial to ensure optimal inventory management efficiency.
Peer comparison
Dec 31, 2024