Builders FirstSource Inc (BLDR)

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		12.42	11.59	11.95	13.38	13.46	11.02	9.36	8.53	10.99	9.95	6.50	6.51	10.25	9.86	11.55	11.05	12.29	11.96	11.49	11.47
DOH	days	29.38	31.48	30.53	27.28	27.12	33.12	39.02	42.78	33.22	36.68	56.16	56.04	35.60	37.00	31.60	33.03	29.69	30.52	31.77	31.82

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 12.42
= 29.38

Builders Firstsource Inc's Days of Inventory on Hand (DOH) has displayed fluctuations over the past eight quarters. In Q4 2023, the company had inventory on hand for approximately 40.44 days, showing a decrease from the previous quarter's 43.12 days. This decrease could indicate a more efficient management of inventory levels during this period.

Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), there has been an increase from 34.75 days to 40.44 days. This suggests that the company held inventory for a longer period in Q4 2023 compared to the same quarter in the prior year.

Overall, the trend in DOH for Builders Firstsource Inc has been somewhat volatile, with fluctuations observed in almost every quarter. It would be important for the company to further analyze the reasons behind these fluctuations to maintain optimal inventory levels and improve operational efficiency.