Brinks Company (BCO)

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		154.04	—	—	6.66	197.19	9.46	—	72.30	—	—	—	—	9.71	—	—	—	10.31	—	—	—
DOH	days	2.37	—	—	54.83	1.85	38.60	—	5.05	—	—	—	—	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 have shown fluctuations over the past few years. The DOH was not available for most quarters in 2020 and 2021, indicating potential data limitations or irregularities.

For the period ending December 31, 2020, the DOH was 35.41 days, suggesting that the company held inventory for approximately 35 days before selling or using it. Subsequently, the DOH remained relatively stable until December 31, 2021, when it increased to 37.61 days.

The trend changed dramatically in the following quarters. As of March 31, 2022, the DOH significantly dropped to 5.05 days, implying a faster turnover of inventory. This trend continued until September 30, 2023, when the DOH peaked at 38.60 days, indicating a potential buildup of inventory.

The quarter ending December 31, 2023, saw a sharp decline in DOH to 1.85 days, followed by a substantial increase to 54.83 days on March 31, 2024. This spike could suggest a slowdown in inventory movement or a build-up of excess inventory.

Overall, the DOH for Brinks Company has exhibited volatility, with fluctuations that may warrant further investigation into the company's inventory management practices and operational efficiency.