Dover Corporation (DOV)
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 | 5.94 | 5.71 | 5.24 | 5.22 | 5.35 | 5.13 | 5.14 | 5.29 | 5.70 | 6.27 | 6.57 | 6.72 | 7.09 | 6.53 | 5.77 | 5.74 | 5.60 | 5.58 | 5.30 | 5.43 | |
| DOH | days | 61.42 | 63.91 | 69.63 | 69.95 | 68.16 | 71.12 | 70.95 | 69.00 | 64.02 | 58.17 | 55.58 | 54.34 | 51.46 | 55.91 | 63.25 | 63.60 | 65.16 | 65.43 | 68.82 | 67.20 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.94
= 61.42
Days of Inventory on Hand (DOH) is a measure that indicates how long a company takes to sell its inventory. A lower DOH value is generally preferred as it suggests efficient inventory management.
Analyzing the trend in Dover Corp.'s DOH over the last eight quarters shows some fluctuations. The DOH values ranged from a low of 83.55 days in Q4 2023 to a high of 96.65 days in Q3 2022. The general trend indicates a slight decrease in DOH over the most recent quarters, which is a positive sign of improved inventory management efficiency.
Comparing the latest quarter (Q4 2023) with the same quarter in the previous year (Q4 2022), there has been a decrease in DOH, indicating that Dover Corp. has been able to sell its inventory faster. This could be a result of better demand forecasting, tighter inventory control, or more effective sales strategies.
Overall, while there have been fluctuations in Dover Corp.'s DOH over the past quarters, the trend towards lower DOH values in more recent quarters is a positive indicator of improved inventory management efficiency. However, it is important for the company to continue monitoring and optimizing its inventory turnover to ensure optimal utilization of resources and better financial performance.
Peer comparison
Dec 31, 2023