Alamo Group Inc (ALG)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.27 | 3.23 | 3.12 | 3.59 | 3.16 | |
| DOH | days | 111.47 | 113.17 | 117.17 | 101.77 | 115.53 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.27
= 111.47
The days of inventory on hand (DOH) for Alamo Group Inc. have shown fluctuations over the past five years. The trend indicates that the company has been able to manage its inventory levels differently each year.
In 2023, the DOH decreased to 111.47 days from 113.17 days in 2022. This suggests that the company was able to sell its inventory more efficiently in 2023 compared to the previous year.
In 2022, the DOH increased to 113.17 days from 117.17 days in 2021, indicating a slower rate of inventory turnover during that year.
In 2021, the DOH decreased slightly to 117.17 days from 96.33 days in 2020. This reduction may imply that the company improved its inventory management practices or experienced higher sales volume compared to the previous year.
In 2020, the DOH increased to 96.33 days from 115.50 days in 2019, indicating a longer period for the company to sell its inventory.
In 2019, the DOH was 115.50 days, reflecting a significant amount of time that inventory remained on hand before being sold.
Overall, the fluctuations in the DOH for Alamo Group Inc. over the past five years suggest varying levels of efficiency in managing inventory and the company's ability to balance inventory levels with sales demand. Further analysis would be needed to understand the specific factors driving these changes and to assess the impact on the company's operational and financial performance.
Peer comparison
Dec 31, 2023