AGCO Corporation (AGCO)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.94 | 3.54 | 3.43 | 3.75 | 4.15 | |
| DOH | days | 92.54 | 103.24 | 106.43 | 97.27 | 87.92 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.94
= 92.54
The days of inventory on hand (DOH) for AGCO Corporation has shown a trend of increase over the past five years. Starting at 87.92 days as of December 31, 2020, the DOH has steadily risen to 97.27 days by December 31, 2021, indicating a longer period of time that inventory is held before being sold. This trend continued with DOH reaching 106.43 days by December 31, 2022, potentially signaling challenges in managing inventory levels efficiently.
However, there was a slight decrease in DOH to 103.24 days by December 31, 2023, suggesting a possible improvement in inventory management practices. This decrease was further noticeable as DOH decreased to 92.54 days by December 31, 2024, indicating a more streamlined approach to managing inventory levels.
Overall, the fluctuation in DOH for AGCO Corporation over the period indicates the company's efforts to optimize its inventory management processes, with a recent improvement noted in the most recent year.
Peer comparison
Dec 31, 2024