Crane NXT Co (CXT)
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 | 5.67 | 4.68 | 4.38 | 4.36 | 6.65 | 8.08 | 9.43 | 3.32 | 3.83 | 3.95 | 4.05 | 4.43 | 4.62 | 4.49 | 4.14 | 4.21 | 4.18 | 4.14 | 4.08 | 4.19 | |
| DOH | days | 64.32 | 78.01 | 83.25 | 83.74 | 54.92 | 45.18 | 38.71 | 109.87 | 95.42 | 92.38 | 90.21 | 82.46 | 79.06 | 81.24 | 88.24 | 86.77 | 87.32 | 88.15 | 89.42 | 87.18 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.67
= 64.32
The Days of Inventory on Hand (DOH) for Crane NXT Co has shown fluctuations over the periods indicated. From March 31, 2020, to June 30, 2020, there was a slight increase in DOH to 89.42 days, followed by a decrease to 86.77 days by March 31, 2021. There was a further increase in DOH to 92.38 days by September 30, 2022, before decreasing to 38.71 days by June 30, 2023.
The significant drop in DOH to 38.71 days on June 30, 2023, may indicate more efficient management of inventory during that period. However, this was not sustained, as DOH increased to 109.87 days by March 31, 2023, suggesting potential issues with inventory management or an increase in excess inventory. Subsequently, DOH fluctuated around the 80 to 90 days range, showing some stability but still remaining elevated compared to previous periods.
Overall, it is essential for Crane NXT Co to closely monitor their inventory levels and implement strategies to optimize inventory management, aiming to strike a balance between having enough inventory to meet demand and avoiding excessive holding costs.
Peer comparison
Dec 31, 2024