AAON Inc (AAON)
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 | 4.55 | 4.35 | 4.13 | 4.23 | 3.92 | 3.95 | 3.71 | 3.68 | 3.64 | 4.23 | 4.96 | 4.97 | 5.24 | 5.57 | 5.00 | 5.81 | 4.37 | 3.83 | 2.89 | 1.78 | |
| DOH | days | 80.24 | 83.91 | 88.46 | 86.30 | 93.10 | 92.51 | 98.49 | 99.12 | 100.29 | 86.29 | 73.65 | 73.46 | 69.63 | 65.50 | 73.06 | 62.79 | 83.44 | 95.36 | 126.28 | 204.60 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.55
= 80.24
The Days of Inventory on Hand (DOH) for AAON Inc. have shown some fluctuations over the past eight quarters. The trend indicates that the company has been able to effectively manage its inventory levels, with DOH ranging from 101.29 days to 118.30 days during this period.
In the most recent quarter, Q4 2023, AAON Inc. reported a DOH of 101.29 days, which was lower compared to the previous three quarters. This suggests that the company may have been able to efficiently sell its inventory or streamline its production processes.
Overall, the downward trend in DOH over the past few quarters indicates that AAON Inc. may be improving its inventory management practices and optimizing its operations. However, it is essential for the company to maintain a balance between maintaining adequate inventory levels to meet demand and avoiding excess inventory buildup to ensure efficient working capital management and profitability.
Peer comparison
Dec 31, 2023