Crane NXT Co (CXT)
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 | 9.87 | 11.83 | 13.66 | 5.74 | 19.28 | 5.93 | 5.58 | 4.81 | 4.58 | 4.56 | 4.17 | 4.11 | 4.18 | 4.14 | 4.08 | 4.19 | 4.60 | 4.72 | 5.00 | 4.91 | |
| DOH | days | 36.96 | 30.85 | 26.72 | 63.57 | 18.93 | 61.53 | 65.45 | 75.92 | 79.64 | 80.07 | 87.50 | 88.85 | 87.32 | 88.15 | 89.42 | 87.18 | 79.33 | 77.41 | 73.07 | 74.40 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.87
= 36.96
The days of inventory on hand (DOH) for Crane NXT Co fluctuated over the last few quarters. The company's DOH was relatively stable in 2020 and early 2021, ranging from around 77 to 89 days. However, there was a significant decrease in DOH in the latter part of 2021, reaching as low as 18.93 days by the end of December 2022.
In early 2023, DOH increased substantially to 63.57 days but decreased again in subsequent quarters, reaching 26.72 days by June 30, 2023. This suggests that the company may have effectively managed its inventory levels in response to changing market conditions or operational efficiency improvements.
It is crucial for Crane NXT Co to closely monitor its inventory levels and ensure they are aligned with sales demand to optimize working capital and operational efficiency. The recent fluctuations in DOH indicate the need for ongoing evaluation and adjustment of inventory management practices to maintain a healthy balance between inventory levels and customer demand.
Peer comparison
Dec 31, 2023