Crane Company (CR)
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 | 3.32 | 3.52 | 3.51 | 3.44 | 4.12 | 4.57 | 4.89 | 4.04 | 4.51 | 4.54 | 4.52 | 3.23 | 3.55 | 3.53 | 3.38 | 4.43 | 4.41 | 4.91 | 4.75 | 4.77 | |
| DOH | days | 109.90 | 103.76 | 103.94 | 106.18 | 88.53 | 79.83 | 74.69 | 90.39 | 80.96 | 80.42 | 80.78 | 112.85 | 102.88 | 103.46 | 108.03 | 82.34 | 82.69 | 74.30 | 76.92 | 76.44 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.32
= 109.90
The days of inventory on hand (DOH) for Crane Company has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The DOH was initially around 76 days in March 2020 and showed some variability, reaching a peak of 112.85 days in March 2022. This peak was followed by a decrease in the DOH to around 74.69 days in June 2023 before increasing again.
From a general perspective, a high DOH indicates that Crane Company may be holding excessive inventory, which could tie up working capital and lead to potential obsolescence risks. On the other hand, a low DOH may imply that the company is efficiently managing its inventory levels, but too low a DOH could also result in stockouts and potential loss of sales.
It is essential for Crane Company to carefully monitor its inventory levels and ensure they are aligned with sales demand to optimize its working capital management and profitability. Additionally, analyzing the reasons behind the fluctuations in DOH can provide insights into the company's inventory management processes and efficiency.
Peer comparison
Dec 31, 2024