Barnes Group Inc (B)
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 | 3.90 | 3.56 | 4.22 | 4.38 | 4.38 | 4.69 | 4.78 | 4.57 | 4.82 | 4.74 | 4.62 | 4.49 | 4.46 | 4.61 | 4.57 | 5.28 | 5.66 | 5.22 | 5.14 | 5.17 | |
| DOH | days | 93.51 | 102.61 | 86.44 | 83.31 | 83.39 | 77.80 | 76.34 | 79.79 | 75.78 | 77.06 | 79.03 | 81.25 | 81.89 | 79.15 | 79.79 | 69.11 | 64.48 | 69.93 | 71.05 | 70.56 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.90
= 93.51
To analyze Barnes Group Inc.'s days of inventory on hand (DOH) based on the provided data, we observe fluctuations over the past eight quarters.
The DOH has ranged from a low of 114.07 days in Q1 2022 to a high of 147.74 days in Q3 2023. This indicates variability in the company's inventory management efficiency during the period under review.
Overall, Barnes Group Inc. has shown some inconsistency in managing its inventory levels effectively. The higher DOH values suggest that the company may have been carrying excess inventory, which can tie up working capital and increase holding costs. Conversely, lower DOH values may indicate potential issues with stockouts or insufficient inventory levels to meet demand.
Further analysis and comparison with industry benchmarks would provide a clearer picture of Barnes Group Inc.'s inventory management performance and whether improvements are needed to optimize working capital and operational efficiency.
Peer comparison
Dec 31, 2023