Badger Meter Inc (BMI)
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 | 3.87 | 3.85 | 3.72 | 3.83 | 4.06 | 4.19 | 4.14 | 4.37 | 4.38 | 4.53 | 4.42 | 4.45 | 4.51 | 4.72 | 4.71 | 4.99 | 4.51 | 4.34 | 4.45 | 4.40 | |
| DOH | days | 94.41 | 94.86 | 98.20 | 95.20 | 89.85 | 87.06 | 88.14 | 83.58 | 83.30 | 80.54 | 82.66 | 81.96 | 81.01 | 77.32 | 77.58 | 73.10 | 80.91 | 84.06 | 81.96 | 82.89 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.87
= 94.41
Based on the data provided, the days of inventory on hand (DOH) for Badger Meter Inc. has been fluctuating over the last eight quarters. In Q4 2023, the company had an average of 131.31 days of inventory on hand, which decreased from Q3 2023's 132.69 days. This trend continued from Q2 2023 (137.75 days) and Q1 2023 (134.11 days).
Comparing the most recent quarter to the same quarter a year ago, there has been an increase in DOH from Q4 2022 (126.58 days). This suggests that Badger Meter Inc. may have been holding onto inventory for a longer period in Q4 2023 compared to the prior year.
The company's inventory management efficiency improved in Q3 2022 with only 123.36 days of inventory on hand, but it slightly worsened in Q2 2022 (125.84 days) and Q1 2022 (120.17 days). Overall, there seems to be some variability in Badger Meter Inc.'s inventory management practices, which may warrant further investigation to optimize inventory levels and improve working capital efficiency.
Peer comparison
Dec 31, 2023