Carlisle Companies Incorporated (CSL)
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 | 6.70 | 6.83 | 7.35 | 8.05 | 8.62 | 8.67 | 6.39 | 5.18 | 5.92 | 5.48 | 5.31 | 5.22 | 5.78 | 5.98 | 6.77 | 6.55 | 7.08 | 6.08 | 5.90 | 6.08 | |
| DOH | days | 54.47 | 53.44 | 49.67 | 45.33 | 42.33 | 42.10 | 57.08 | 70.42 | 61.63 | 66.59 | 68.68 | 69.92 | 63.18 | 61.05 | 53.87 | 55.71 | 51.57 | 60.06 | 61.89 | 60.03 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.70
= 54.47
The days of inventory on hand (DOH) for Carlisle Companies Incorporated has shown some fluctuations over the past few years, as per the provided data. In general, DOH indicates how many days, on average, a company holds its inventory before selling it. A lower DOH value indicates that the company is efficiently managing its inventory levels, while a higher DOH value may suggest slower inventory turnover.
Based on the data provided, we can observe that Carlisle's DOH ranged from a low of 42.10 days on September 30, 2023, to a high of 70.42 days on March 31, 2023. The upward trend from 2023 to 2024 indicates a potential increase in the time taken to sell off inventory. This may be a cause for concern as it could tie up cash and resources in unsold inventory for a longer period, potentially increasing storage costs and risking obsolescence.
It is crucial for Carlisle to closely monitor its inventory management practices to ensure optimal levels of inventory are maintained to meet customer demand without excessive overstocking. By keeping DOH in check and potentially reducing it, Carlisle can improve cash flow, reduce costs, and better respond to changing market conditions.
Further analysis and comparison with industry benchmarks or historical trends would provide more insights into the effectiveness of Carlisle's inventory management strategies and its overall operational efficiency.
Peer comparison
Dec 31, 2024