DXP Enterprises Inc (DXPE)
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 | 12.08 | 11.00 | 10.93 | 10.75 | 11.26 | 11.22 | 11.07 | 10.32 | 10.44 | 7.41 | 7.51 | 7.47 | 7.78 | 7.01 | 6.78 | 6.61 | 7.48 | 6.52 | 6.45 | 6.84 | |
| DOH | days | 30.21 | 33.18 | 33.41 | 33.96 | 32.41 | 32.53 | 32.97 | 35.36 | 34.95 | 49.29 | 48.59 | 48.85 | 46.89 | 52.10 | 53.82 | 55.26 | 48.80 | 56.00 | 56.59 | 53.36 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 12.08
= 30.21
The days of inventory on hand (DOH) for DXP Enterprises Inc have shown a fluctuating trend over the periods analyzed. The company had a DOH of 53.36 days on March 31, 2020, which increased to 56.59 days by June 30, 2020. Subsequently, there was a slight decrease in DOH to 56.00 days on September 30, 2020, followed by a more significant drop to 48.80 days by December 31, 2020.
The trend reversed again as the DOH increased to 55.26 days on March 31, 2021 before declining to 53.82 days by June 30, 2021. This trend continued with further reductions to 52.10 days on September 30, 2021, and 46.89 days by December 31, 2021.
During the first half of 2022, the DOH saw a slight increase to 48.85 days on March 31, 2022, but then remained relatively stable around the 48 to 49 days range for the subsequent quarters. Notably, there was a significant decrease to 34.95 days on December 31, 2022, and this downward trend continued into the following year.
By March 31, 2024, the DOH had decreased to 33.96 days, with further reductions seen in the subsequent quarters, reaching 30.21 days by December 31, 2024. Overall, the decreasing trend in DOH from 2022 to 2024 suggests that DXP Enterprises Inc has been managing its inventory more efficiently and effectively in recent periods, potentially leading to improved liquidity and profitability.
Peer comparison
Dec 31, 2024