Curtiss-Wright Corporation (CW)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.69 | 4.47 | 5.22 | 3.61 | 3.74 | |
| DOH | days | 77.85 | 81.63 | 69.90 | 100.99 | 97.57 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.69
= 77.85
The days of inventory on hand (DOH) for Curtiss-Wright Corp. has shown some fluctuation over the past five years. As of December 31, 2023, the company had an inventory on hand for approximately 104.69 days, which is a slight decrease from the previous year's 110.04 days. This may indicate that the company was able to manage its inventory more efficiently in the most recent year.
Comparing to the data from 2021 to 2019, the DOH has ranged from 95.53 days to 100.99 days, showing some variability within a relatively narrow range. This suggests that Curtiss-Wright Corp. has been able to maintain a consistent level of inventory management over the past five years.
Overall, keeping the days of inventory on hand at an optimal level is crucial for a company like Curtiss-Wright Corp. to balance between ensuring product availability for customers and minimizing carrying costs associated with excess inventory. Continuously monitoring and managing inventory levels effectively will be important for the company to sustain its operations efficiently in the future.
Peer comparison
Dec 31, 2023