BorgWarner Inc (BWA)

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		11.14	11.40	8.30	8.23	11.92	8.22	7.93	7.93	8.65	8.61	8.48	8.35	7.32	9.29	8.74	9.27	10.00	9.98	9.89	10.10
DOH	days	32.76	32.01	43.98	44.36	30.62	44.38	46.02	46.04	42.18	42.39	43.04	43.70	49.84	39.28	41.78	39.37	36.51	36.58	36.92	36.12

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 11.14
= 32.76

To analyze BorgWarner Inc's Days of Inventory on Hand (DOH) over the past eight quarters, we observe fluctuations in the metric. In Q4 2023, the company reported 41.21 days of inventory on hand, which decreased from 36.37 days in the previous quarter. This reduction indicates a more efficient management of inventory levels and potentially lower carrying costs.

Comparing Q4 2023 to the same quarter in the previous year, BorgWarner Inc's DOH decreased from 48.48 days to 41.21 days, signaling improved inventory management efficiency over the year. However, it is worth noting that inventory levels spiked in Q2 2023 compared to the previous quarter, with DOH reaching 49.88 days. This may suggest challenges in inventory control or fluctuations in demand during that period.

Overall, the trend in BorgWarner Inc's DOH indicates variations in inventory management effectiveness over the analyzed period. The company should continue to monitor and potentially optimize its inventory levels to ensure efficient operations and cost control.