Carpenter Technology Corporation (CRS)

Days of inventory on hand (DOH)

		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	Dec 31, 2019	Sep 30, 2019
Inventory turnover		5.38	4.96	5.02	5.68	6.18	4.76	3.90	3.82	3.88	1.27	1.30	2.23	3.41	2.88	3.56	3.30	3.07	2.48	2.41	2.56
DOH	days	67.90	73.62	72.69	64.27	59.06	76.61	93.48	95.57	94.09	286.31	280.09	163.73	107.15	126.65	102.56	110.65	118.92	147.30	151.33	142.53

June 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.38
= 67.90

The days of inventory on hand (DOH) for Carpenter Technology Corporation have shown fluctuation over the past few quarters. From June 30, 2019, to March 31, 2022, the DOH ranged between 59.06 days to 286.31 days, indicating significant variability in managing inventory levels.

In recent quarters, the DOH has generally remained in a more normalized range, with the latest reported DOH as of June 30, 2024, at 67.90 days. This indicates that the company is holding inventory for approximately 68 days on hand before it is sold, which suggests efficient inventory management compared to previous periods of higher DOH figures.

Overall, Carpenter Technology Corporation appears to have improved its inventory management efficiency in recent periods, as reflected in the decreasing trend of the DOH metric. Investors and stakeholders may view this positively as it indicates better control over inventory levels, potentially leading to cost savings and improved cash flow.