AGCO Corporation (AGCO)
Days of inventory on hand (DOH)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.94 | 3.34 | 3.44 | 3.14 | 3.54 | 3.28 | 3.13 | 3.13 | 3.43 | 3.13 | 2.99 | 3.08 | 3.75 | 3.43 | 3.45 | 3.62 | 4.15 | 2.80 | 2.54 | 2.65 | |
| DOH | days | 92.54 | 109.34 | 106.25 | 116.36 | 103.24 | 111.45 | 116.51 | 116.79 | 106.43 | 116.44 | 122.04 | 118.68 | 97.27 | 106.47 | 105.89 | 100.84 | 87.91 | 130.28 | 143.97 | 137.60 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.94
= 92.54
The days of inventory on hand (DOH) for AGCO Corporation have shown some fluctuations over the observed period from March 31, 2020, to December 31, 2024. The DOH measures how many days, on average, a company holds onto its inventory before selling it.
AGCO's DOH ranged from a high of 143.97 days on June 30, 2020, to a low of 87.91 days on December 31, 2020. This significant decrease in DOH indicates that AGCO effectively managed its inventory during that period, possibly through improved inventory turnover or more efficient inventory management practices.
Subsequently, the DOH increased to 122.04 days on June 30, 2022, before fluctuating around the 100-day mark until December 31, 2024. These fluctuations may suggest changes in demand, production levels, or inventory management strategies within AGCO.
Overall, AGCO Corporation's DOH trend reflects varying efficiency levels in managing its inventory over time. Analyzing the DOH in conjunction with other financial metrics and industry benchmarks can provide a more comprehensive view of the company's operational efficiency and inventory management effectiveness.
Peer comparison
Dec 31, 2024