Api Group Corp (APG)
Days of inventory on hand (DOH)
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 33.09 | 34.58 | 32.00 | 32.09 | 33.84 | 33.59 | 32.11 | 29.41 | 30.29 | 29.72 | 29.61 | 26.46 | 24.46 | 43.49 | 40.10 | 40.41 | 41.77 | 44.23 | 51.47 | 51.29 | |
| DOH | days | 11.03 | 10.56 | 11.41 | 11.37 | 10.79 | 10.87 | 11.37 | 12.41 | 12.05 | 12.28 | 12.33 | 13.80 | 14.92 | 8.39 | 9.10 | 9.03 | 8.74 | 8.25 | 7.09 | 7.12 |
March 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 33.09
= 11.03
The analysis of Api Group Corp's days of inventory on hand (DOH) from June 30, 2020, through March 31, 2025, reveals a generally stable yet slightly fluctuating trend over the period. Initially, the DOH was approximately 7.12 days as of June 30, 2020, indicating a relatively efficient inventory management with a swift turnover. This level persisted with minor variations through September 30, 2020 (7.09 days) and increased modestly to 8.25 days by December 31, 2020, reflecting a marginal accumulation of inventory during that period.
From the start of 2021 onward, a gradual upward trajectory in DOH is observed. By March 31, 2021, the figure rose to 8.74 days, and continued to trend higher throughout 2021, reaching 9.10 days at September 30, 2021, and 8.39 days at year-end. The year 2022 marks a more pronounced increase, with DOH rising to 14.92 days by March 31, 2022, and remaining elevated through the rest of the year; the figure decreased slightly to 13.80 days by June 30, 2022, and further to 12.33 days as of September 30, 2022.
Throughout 2023, the DOH demonstrated relative stability, oscillating around the 12-day mark, with values of 12.28 days at December 31, 2022, decreasing slightly to 12.05 days at March 31, 2023, and increasing again to approximately 12.41 days by June 30, 2023. The subsequent quarters show minor fluctuations, with the DOH declining to 11.37 days at September 30, 2023, and then marginally increasing to 10.87 days at December 31, 2023. Early in 2024, the figure remains stable, with slight fluctuations around 10.56 to 10.79 days, before rising to 11.37 days again by June 30, 2024, and persisting around 11.41 days at September 30, 2024, and 10.56 days at December 31, 2024. The first quarter of 2025 indicates a slight increase to 11.03 days.
Overall, the data suggests that Api Group Corp experienced a period of low inventory levels in 2020, reflecting high inventory turnover. Starting in early 2022, however, there is a noticeable increase in DOH, indicating that Inventory management shifted toward holding inventories for longer durations, possibly due to operational strategy adjustments or supply chain considerations. Despite some fluctuations, the DOH has remained within a range of approximately 7 to 14 days, with most recent figures oscillating around 10.5 to 11.4 days, indicating a stabilized but somewhat more conservative inventory holding pattern compared to the initial years.
Peer comparison
Mar 31, 2025