Carlisle Companies Incorporated (CSL)
Days of inventory on hand (DOH)
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 8.16 | 7.70 | 5.39 | 4.89 | 8.60 | 6.07 | 6.45 | 6.38 | 7.21 | 7.49 | 8.51 | 7.20 | 8.76 | 7.10 | 6.56 | 6.43 | 6.74 | 6.69 | 6.66 | 6.51 | |
| DOH | days | 44.71 | 47.41 | 67.75 | 74.58 | 42.44 | 60.11 | 56.55 | 57.19 | 50.66 | 48.74 | 42.91 | 50.72 | 41.65 | 51.38 | 55.68 | 56.72 | 54.18 | 54.53 | 54.77 | 56.03 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.16
= 44.71
Carlisle Companies Inc.'s Days of Inventory on Hand (DOH) has exhibited fluctuations over the past eight quarters. In Q4 2023, the company had 44.71 days of inventory on hand, which was higher than the previous quarter but lower than the same quarter in the prior year. This indicates that the company was able to manage its inventory more efficiently compared to the same period last year.
In Q3 2023, the DOH decreased to 39.65 days, showing an improvement in inventory management compared to the previous quarter. However, the DOH in Q3 2023 was still lower than the DOH in the corresponding quarter of the previous year.
In Q2 2023, the DOH increased significantly to 54.11 days, which may suggest that the company was holding more inventory relative to its sales compared to the previous quarter. This trend continued in Q1 2023, with the DOH rising to 66.94 days, indicating a further increase in inventory holding period.
Comparing the recent data to the same quarters in 2022, the company has generally shown progress in managing its inventory more efficiently, with lower DOH figures recorded in Q4 2023 and Q3 2023 compared to the respective quarters in 2022.
Overall, fluctuations in Carlisle Companies Inc.'s DOH suggest that the company has had varying levels of success in managing its inventory efficiently over the analyzed quarters. It is important for the company to continue monitoring and adjusting its inventory levels to optimize working capital and improve overall operational efficiency.
Peer comparison
Dec 31, 2023