Applied Industrial Technologies (AIT)
Days of inventory on hand (DOH)
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 8.19 | 7.96 | 7.67 | 7.83 | 7.89 | 7.35 | 7.18 | 7.36 | 7.71 | 7.83 | 8.04 | 8.39 | 8.42 | 8.14 | 8.41 | 8.42 | 8.16 | 7.86 | 7.01 | 7.00 | |
| DOH | days | 44.57 | 45.87 | 47.59 | 46.63 | 46.25 | 49.64 | 50.84 | 49.59 | 47.33 | 46.60 | 45.41 | 43.48 | 43.35 | 44.81 | 43.39 | 43.35 | 44.71 | 46.45 | 52.03 | 52.14 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.19
= 44.57
The Days of Inventory on Hand (DOH) for Applied Industrial Technologies has shown some fluctuations over the past few quarters. The company's inventory turnover efficiency, as indicated by the DOH metric, decreased from 52.14 days in September 2019 to 44.57 days in June 2024. This suggests an improvement in managing its inventory levels efficiently over this period.
The trend indicates that Applied Industrial Technologies has been able to reduce the time it takes to sell its inventory on hand, which can be a positive sign of effective inventory management. However, the metric has shown some variability, with occasional peaks and troughs, particularly evident in the fluctuations between March 2023 and December 2023.
Overall, continued monitoring and analysis of the DOH metric will be essential to assess the company's ongoing efforts to optimize inventory levels and enhance operational efficiency in the future.