Carrier Global Corp (CARR)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 9.15 | 1.73 | 1.45 | 1.27 | 2.00 | 1.29 | 1.13 | 1.01 | 1.01 | 1.06 | 1.24 | 1.32 | 1.65 | 1.68 | 1.67 | 1.60 | 1.83 | |
| DOH | days | 39.88 | 211.24 | 251.57 | 287.62 | 182.95 | 283.63 | 323.42 | 360.24 | 360.76 | 345.30 | 293.75 | 276.56 | 221.52 | 217.51 | 218.14 | 227.62 | 199.39 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.15
= 39.88
Days of Inventory on Hand (DOH) is a crucial efficiency ratio that measures the average number of days a company holds its inventory before selling it. For Carrier Global Corp, the DOH has shown varying trends over the provided time period.
From December 31, 2020, to June 30, 2022, there was a consistent increase in the number of days it took for Carrier Global Corp to sell its inventory, reaching a peak of 360.76 days. This upward trend suggests potential inefficiencies in managing inventory levels or challenges in demand forecasting.
Subsequently, from September 30, 2022, to December 31, 2024, there was a significant decrease in the DOH, indicating improvements in inventory management efficiency. The lowest point was recorded on December 31, 2024, with only 39.88 days of inventory on hand.
The spike in DOH in March 31, 2023, followed by a sharp decrease in the subsequent periods, may indicate potential disruptions or irregularities in inventory turnover during that specific quarter.
Overall, continuous monitoring and analysis of the DOH ratio are essential for Carrier Global Corp to optimize inventory levels, reduce holding costs, and ensure timely delivery of products to customers.
Peer comparison
Dec 31, 2024
See also:
Carrier Global Corp Average Inventory Processing Period (Quarterly Data)