Brinks Company (BCO)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		154.04	7.31	—	9.71	10.31
DOH	days	2.37	49.92	—	37.61	35.41

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 154.04
= 2.37

The days of inventory on hand (DOH) for Brinks Company has shown fluctuations over the years based on the provided data.

1. As of December 31, 2020, Brinks Company had 35.41 days worth of inventory on hand, indicating that the company could sell out its inventory in approximately 35 days.

2. By December 31, 2021, the days of inventory on hand had slightly increased to 37.61 days, suggesting a minor increase in the time it takes for Brinks Company to sell its inventory.

3. The data for December 31, 2022, is missing ("- days"), which makes it challenging to assess the inventory management efficiency for that specific year.

4. Moving forward to December 31, 2023, the days of inventory on hand surged to 49.92 days, implying that Brinks Company may have experienced challenges in managing their inventory levels efficiently, possibly leading to excess inventory.

5. Surprisingly, by December 31, 2024, the days of inventory on hand dramatically dropped to 2.37 days, indicating that the company significantly reduced its inventory levels, which could be a strategic move to optimize working capital and reduce holding costs.

In conclusion, the analysis of the days of inventory on hand for Brinks Company reflects fluctuations in inventory management efficiency over the years, with varying implications for the company's operations and financial performance.