Alamo Group Inc (ALG)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.54 | 3.27 | 3.23 | 3.12 | 3.79 | |
| DOH | days | 103.06 | 111.47 | 113.17 | 117.17 | 96.33 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.54
= 103.06
Alamo Group Inc's Days of Inventory on Hand (DOH) has shown a mixed trend over the past five years. Starting from 96.33 days on December 31, 2020, the DOH increased to 117.17 days by December 31, 2021, indicating a longer period for the company to sell its inventory. However, there was a slight decrease in DOH to 113.17 days by December 31, 2022, followed by a further decline to 111.47 days by December 31, 2023.
The most recent data point as of December 31, 2024, shows a decrease to 103.06 days, suggesting improved inventory management efficiency. Despite the fluctuations, the overall trend indicates that Alamo Group Inc has been making efforts to optimize its inventory levels to ensure a more streamlined and cost-effective operation.
Peer comparison
Dec 31, 2024