Carrier Global Corp (CARR)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 8.98 | 2.00 | 1.01 | 1.65 | 1.83 | |
| DOH | days | 40.63 | 182.95 | 360.76 | 221.38 | 199.32 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.98
= 40.63
The days of inventory on hand (DOH) for Carrier Global Corp have shown varying trends over the years based on the provided data.
- As of December 31, 2020, the company had 199.32 days of inventory on hand, indicating that it took approximately 199 days to sell through its inventory.
- By December 31, 2021, the DOH had increased to 221.38 days, suggesting a slight slowdown in inventory turnover compared to the previous year.
- The DOH then spiked significantly to 360.76 days by December 31, 2022, indicating a substantial buildup of inventory or potentially slower sales during that period.
- However, the company managed to reduce its inventory levels by December 31, 2023, with the DOH dropping to 182.95 days, which could imply improved efficiency or stronger demand.
- Finally, by December 31, 2024, Carrier Global Corp had a much lower DOH of 40.63 days, pointing towards a significant improvement in inventory management and sales performance during that period.
Overall, the fluctuations in DOH for Carrier Global Corp suggest varying levels of efficiency in managing inventory and sales throughout the years covered in the data. It is essential for the company to monitor and optimize its inventory levels to ensure smoother operations and financial performance.
Peer comparison
Dec 31, 2024