Astec Industries Inc (ASTE)
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 | 2.31 | 2.08 | 2.15 | 2.03 | 2.21 | 2.30 | 2.45 | 2.49 | 2.57 | 2.39 | 2.43 | 2.42 | 2.79 | 2.88 | 3.07 | 3.21 | 3.14 | 3.25 | 3.32 | 3.02 | |
| DOH | days | 157.93 | 175.70 | 169.96 | 180.10 | 165.07 | 158.39 | 148.81 | 146.87 | 142.11 | 152.88 | 150.28 | 150.71 | 130.80 | 126.87 | 118.99 | 113.60 | 116.32 | 112.25 | 110.01 | 121.05 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.31
= 157.93
Days of Inventory on hand (DOH) is a metric used to assess how efficiently a company manages its inventory. Astec Industries Inc's DOH has shown fluctuations over the past several quarters.
From March 31, 2020, to December 31, 2024, the DOH has ranged between 110.01 days and 180.10 days. Initially, there was a slight decrease in DOH, indicating improved inventory management efficiency. However, there was a subsequent upward trend in DOH, reaching a peak of 180.10 days on March 31, 2024.
The increasing trend in DOH could suggest that Astec Industries Inc may be facing challenges in managing its inventory levels effectively. Higher DOH could tie up more capital in inventory and may indicate slow-moving or obsolete inventory.
It is crucial for the company to monitor and efficiently manage its inventory levels to ensure optimal use of resources and to avoid potential issues such as carrying excess inventory or facing write-downs. Further analysis of Astec Industries Inc's inventory management practices and strategies may help identify areas for improvement to control and reduce the DOH metric.
Peer comparison
Dec 31, 2024