Aecom Technology Corporation (ACM)
Days of inventory on hand (DOH)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | 136.47 | 162.07 | — | — | 114.49 | 170.84 | 14.67 | 14.17 | 14.93 | 14.69 | 14.28 | 12.86 | — | 8.96 | 9.05 | 8.83 | 8.30 | 5.92 | |
| DOH | days | — | — | 2.67 | 2.25 | — | — | 3.19 | 2.14 | 24.88 | 25.75 | 24.45 | 24.85 | 25.56 | 28.38 | — | 40.75 | 40.32 | 41.33 | 43.95 | 61.67 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) for Aecom Technology Corporation have been fluctuating over the past several quarters. In the most recent quarter, ending September 30, 2024, the DOH was 2.67 days, indicating that on average, the company held its inventory for approximately 2.67 days before selling it. This suggests efficient inventory management and potentially quick turnover of inventory.
Comparing to the previous quarter, the DOH increased slightly from 2.25 days in June 30, 2024, to 2.67 days in September 30, 2024. However, when looking back at older data, it can be observed that the DOH has decreased significantly from higher levels in the past few years.
The trend in the DOH over time shows improvements in inventory management efficiency, with the company holding inventory for fewer days before selling it. This can be a positive sign as lower DOH indicates better liquidity, reduced carrying costs, and potentially lower risks related to obsolete inventory.
It's important for stakeholders to monitor the DOH metric alongside other financial ratios and operational factors to assess the overall health and efficiency of Aecom Technology Corporation's inventory management practices.
Peer comparison
Sep 30, 2024