Everus Construction Group Inc (ECG)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Inventory turnover		59.29	65.77	—
DOH	days	6.16	5.55	—

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 59.29
= 6.16

The days of inventory on hand (DOH) for Everus Construction Group Inc has shown an increasing trend over the past two years, with values of 6.16 days as of December 31, 2023, and 5.55 days as of December 31, 2022. The absence of data for December 31, 2021, hinders a complete trend analysis. A higher DOH indicates that the company is taking longer to sell its inventory, which may lead to increased carrying costs and potential obsolescence risks. Further investigation into the company's inventory management practices and overall operational efficiency is recommended to address this growing DOH trend.