DXP Enterprises Inc (DXPE)
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 | 15.05 | 14.90 | 14.70 | 13.66 | 13.83 | 9.94 | 10.21 | 10.28 | 10.82 | 1.04 | 0.86 | 0.56 | 1.11 | 9.18 | 8.62 | 9.03 | 9.34 | 9.18 | 9.35 | 9.67 | |
| DOH | days | 24.25 | 24.50 | 24.83 | 26.73 | 26.39 | 36.73 | 35.77 | 35.50 | 33.74 | 351.69 | 424.75 | 646.38 | 327.59 | 39.75 | 42.37 | 40.41 | 39.07 | 39.77 | 39.05 | 37.75 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 15.05
= 24.25
The days of inventory on hand (DOH) for DXP Enterprises Inc have shown fluctuations over the quarters. In the most recent period, the DOH was 24.25 days, slightly lower than the previous quarter at 24.50 days. This indicates that the company is managing its inventory levels efficiently.
However, if we look further back, there have been periods of higher DOH, such as in the second quarter of 2021 when it peaked at 646.38 days. This suggests that the company may have faced challenges in managing its inventory efficiently during that period.
Overall, the trend in DOH for DXP Enterprises Inc has been improving in recent quarters, indicating better inventory management practices. It is essential for the company to continue monitoring and optimizing its inventory levels to ensure optimal use of resources and maximize profitability.
Peer comparison
Dec 31, 2023