CDW Corp (CDW)

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 29.83 28.79 26.51 27.44 27.80 24.46 21.11 19.53 21.08 22.55 20.89 23.98 23.03 26.36 24.73 25.86 27.69 27.35 24.57 26.44
DOH days 12.24 12.68 13.77 13.30 13.13 14.92 17.29 18.69 17.32 16.19 17.47 15.22 15.85 13.84 14.76 14.12 13.18 13.35 14.86 13.80

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 29.83
= 12.24

The days of inventory on hand (DOH) for CDW Corp has shown some fluctuations over the past eight quarters. In Q4 2023, the DOH was 14.58 days, slightly lower than the previous quarter at 15.06 days. This indicates that the company has been able to manage its inventory more efficiently in the latest quarter.

Looking back over the past year, there has been a general downward trend in DOH since Q2 2022 when it peaked at 21.32 days. This suggests that CDW Corp has been improving its inventory turnover and efficiency in managing its inventory levels.

It is important to continue monitoring this ratio to ensure that CDW Corp is maintaining an optimal level of inventory that supports its operations without tying up excess capital in inventory holdings.