Arrow Electronics Inc (ARW)
Days of inventory on hand (DOH)
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Inventory turnover | 5.23 | 5.58 | 6.07 | 7.20 | 7.75 | |
DOH | days | 69.79 | 65.38 | 60.13 | 50.66 | 47.09 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.23
= 69.79
The days of inventory on hand (DOH) for Arrow Electronics Inc have shown an increasing trend from 47.09 days on December 31, 2020, to 69.79 days on December 31, 2024. This suggests that the company is holding onto inventory for a longer period of time before it is sold. A higher DOH could indicate inefficiencies or potential risks such as excess inventory, slow-moving goods, or changing market demand. It's essential for Arrow Electronics Inc to monitor and manage its inventory levels effectively to optimize working capital and maintain profitability.
Peer comparison
Dec 31, 2024
Company name
Symbol
DOH
Arrow Electronics Inc
ARW
69.79
Avnet Inc
AVT
95.09
TE Connectivity Ltd
TEL
73.90