Cummins Inc (CMI)
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 | 4.47 | 4.20 | 4.42 | 4.47 | 4.55 | 4.27 | 4.08 | 3.90 | 3.81 | 3.60 | 3.95 | 4.05 | 4.21 | 4.23 | 4.29 | 4.21 | 4.36 | 4.24 | 4.16 | 4.70 | |
| DOH | days | 81.67 | 86.81 | 82.65 | 81.61 | 80.26 | 85.46 | 89.57 | 93.58 | 95.77 | 101.48 | 92.51 | 90.12 | 86.74 | 86.38 | 85.13 | 86.67 | 83.81 | 86.08 | 87.66 | 77.59 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.47
= 81.67
The days of inventory on hand (DOH) for Cummins Inc has shown a fluctuating trend over the past few years. Starting at around 77.59 days on March 31, 2020, the DOH increased to 101.48 days by September 30, 2022, indicating a significant build-up of inventory.
Subsequently, the DOH decreased to 80.26 days by December 31, 2023, showing an improvement in inventory management practices. However, by June 30, 2024, the DOH slightly increased to 82.65 days before rising again to 86.81 days by September 30, 2024.
Overall, it is evident that Cummins Inc has experienced fluctuations in its days of inventory on hand, suggesting variations in its inventory management efficiency and the potential impact on its working capital management. Further analysis and comparison with industry benchmarks could provide insights into the company's inventory control strategies and operational performance.
Peer comparison
Dec 31, 2024
See also:
Cummins Inc Average Inventory Processing Period (Quarterly Data)