Crane NXT Co (CXT)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.67 | 4.69 | 4.63 | 4.72 | 4.41 | |
| DOH | days | 64.32 | 77.78 | 78.88 | 77.31 | 82.84 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.67
= 64.32
The days of inventory on hand (DOH) for Crane NXT Co have shown a gradual decrease over the past five years, declining from 82.84 days as of December 31, 2020, to 64.32 days as of December 31, 2024. This indicates that the company has been more efficient in managing its inventory levels, holding inventory for fewer days before it is sold. Lower DOH values suggest better inventory management, as it reduces the risk of obsolescence and holding costs. Overall, the downward trend in DOH for Crane NXT Co reflects improving inventory turnover and efficiency in inventory management practices over the years.
Peer comparison
Dec 31, 2024
Company name
Symbol
DOH
Crane NXT Co
CXT
64.32
Crane Company
CR
109.90
Parker-Hannifin Corporation
PH
60.93
Watts Water Technologies Inc
WTS
120.25