Allegion PLC (ALLE)
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 | 4.97 | 4.64 | 4.65 | 4.55 | 4.72 | 4.41 | 4.35 | 4.33 | 4.07 | 3.89 | 4.04 | 4.22 | 4.37 | 4.76 | 5.29 | 5.37 | 5.44 | 5.30 | 5.24 | 5.83 | |
| DOH | days | 73.39 | 78.69 | 78.53 | 80.22 | 77.35 | 82.73 | 84.00 | 84.30 | 89.68 | 93.71 | 90.27 | 86.48 | 83.52 | 76.60 | 69.00 | 67.99 | 67.05 | 68.91 | 69.70 | 62.64 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.97
= 73.39
Allegion PLC has shown fluctuations in its Days of Inventory on Hand (DOH) over the period from March 31, 2020, to December 31, 2024. The DOH started at 62.64 days in March 2020 and gradually increased to 90.27 days by June 30, 2022. From then on, there was a slight decrease in DOH, reaching 73.39 days by December 31, 2024. This indicates that Allegion PLC is managing its inventory more efficiently compared to the peak period in mid-2022.
The general trend shows some volatility in inventory levels but with an overall improvement in managing inventory turnover towards the end of the period. A lower DOH value reflects a more efficient management of inventory levels, implying better liquidity and potentially lower holding costs. However, it is essential for Allegion PLC to monitor and control inventory levels effectively to ensure optimal operations and financial performance.