Carlisle Companies Incorporated (CSL)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.59 | 8.41 | 5.92 | 5.78 | 6.55 | |
| DOH | days | 55.37 | 43.39 | 61.63 | 63.18 | 55.76 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.59
= 55.37
The days of inventory on hand (DOH) for Carlisle Companies Incorporated have displayed some fluctuations over the past five years. Starting at 55.76 days as of December 31, 2020, the DOH increased to 63.18 days by December 31, 2021, signaling a longer period of time for the company to convert its inventory into sales.
However, the trend reversed in the following year, with the DOH decreasing to 61.63 days as of December 31, 2022. This reduction suggests an improvement in inventory management efficiency, potentially resulting in quicker turnover of inventory.
By December 31, 2023, the DOH further decreased to 43.39 days, indicating a significant enhancement in the company's inventory turnover rate. This reduction could be attributed to better demand forecasting or streamlining of production processes.
Nonetheless, by December 31, 2024, the DOH rose again to 55.37 days, possibly indicating a slight slowdown in inventory turnover. It would be important for Carlisle Companies Incorporated to monitor this metric closely to ensure optimal inventory management practices and avoid potential issues such as overstocking or obsolescence.
Peer comparison
Dec 31, 2024