CDW Corp (CDW)

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 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Inventory turnover 27.09 23.72 22.46 24.57 24.97 24.23 22.41 23.34 23.82 21.18 18.40 17.12 18.60 19.86 18.36 21.03 20.08 23.05 21.74 22.82
DOH days 13.47 15.38 16.25 14.86 14.61 15.06 16.29 15.64 15.32 17.24 19.84 21.32 19.62 18.38 19.89 17.36 18.18 15.83 16.79 15.99

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 27.09
= 13.47

CDW Corp's days of inventory on hand (DOH) has shown variations over the past few years based on the provided data. The DOH has fluctuated between a low of 13.47 days on December 31, 2024, and a high of 21.32 days on March 31, 2022.

The company's DOH was relatively stable in the range of mid-teens to high teens until it saw a spike in the first quarter of 2022. This spike could indicate potential issues with inventory management or changes in the company's purchasing or sales strategies during that period. However, it's worth noting that CDW Corp managed to bring the DOH back down to around the mid-teens by the end of 2024.

Overall, a lower DOH indicates that the company is selling inventory more quickly, which can be a positive sign of efficiency. Conversely, a higher DOH may suggest excess or obsolete inventory, which could tie up cash and lead to increased holding costs. CDW Corp should continue to monitor its DOH closely to ensure optimal inventory management and alignment with its overall business strategy.