Crane Company (CR)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.32 | 3.63 | 4.63 | 4.40 | 4.41 | |
| DOH | days | 109.90 | 100.58 | 78.88 | 83.00 | 82.69 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.32
= 109.90
Based on the data provided, Crane Company's days of inventory on hand (DOH) have shown some fluctuations over the past five years.
- As of December 31, 2020, the company had 82.69 days of inventory on hand, indicating a reasonable inventory turnover rate.
- By December 31, 2021, the DOH increased slightly to 83.00 days, suggesting a slight slowdown in inventory turnover.
- The following year, the DOH decreased to 78.88 days by December 31, 2022, indicating a more efficient management of inventory.
- However, there was a significant spike in inventory days by December 31, 2023, with 100.58 days on hand, which could be a cause for concern as it may suggest overstocking or slower sales.
- This trend continued into the next year with a further increase to 109.90 days by December 31, 2024, indicating potential inefficiencies in inventory management or changing market conditions.
Overall, Crane Company's days of inventory on hand have shown some variability, with the recent increase possibly requiring closer monitoring and analysis to identify the underlying reasons and address any potential issues related to inventory management.
Peer comparison
Dec 31, 2024