Arrow Electronics Inc (ARW)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 5.58 | 5.20 | 5.73 | 5.80 | 6.07 | 6.29 | 6.42 | 6.61 | 7.20 | 7.82 | 7.97 | 8.33 | 7.75 | 7.56 | 7.10 | 7.49 | 7.37 | 7.43 | 7.32 | 7.03 | |
| DOH | days | 65.38 | 70.13 | 63.65 | 62.94 | 60.13 | 58.00 | 56.90 | 55.25 | 50.66 | 46.68 | 45.78 | 43.82 | 47.09 | 48.27 | 51.38 | 48.73 | 49.54 | 49.10 | 49.85 | 51.91 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.58
= 65.38
The Days of Inventory on Hand (DOH) for Arrow Electronics Inc. has shown a fluctuating trend over the past eight quarters. In Q4 2023, the DOH was 65.38 days, which decreased from the previous quarter's 70.13 days. This indicates that the company was able to manage its inventory more efficiently during this period.
Looking back further, in Q1 2023 and Q2 2023, the DOH was 62.94 days and 63.65 days respectively, showing relatively stable inventory management. In comparison, the DOH in Q4 2022 was 60.13 days, marking an increase from the previous quarter.
Overall, the DOH of Arrow Electronics Inc. has been gradually increasing from Q1 2022 to Q3 2022, before showing a slight decline in Q4 2022 and then fluctuating in the subsequent quarters. This suggests that the company may be facing challenges in optimizing its inventory levels and may need to focus on ensuring efficient inventory management practices to improve profitability.
Peer comparison
Dec 31, 2023