EMCOR Group Inc (EME)
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 | 94.73 | 88.05 | 93.50 | 96.48 | 110.61 | 90.45 | 95.67 | 121.45 | 155.31 | 125.02 | 119.92 | 153.44 | 138.77 | 192.17 | 188.63 | 224.25 | 193.31 | 198.15 | 190.37 | 181.12 | |
| DOH | days | 3.85 | 4.15 | 3.90 | 3.78 | 3.30 | 4.04 | 3.82 | 3.01 | 2.35 | 2.92 | 3.04 | 2.38 | 2.63 | 1.90 | 1.94 | 1.63 | 1.89 | 1.84 | 1.92 | 2.02 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 94.73
= 3.85
Emcor Group, Inc.'s days of inventory on hand (DOH) has shown some fluctuations over the past eight quarters. The DOH ranged from a low of 3.01 days in Q1 2022 to a high of 4.15 days in Q3 2023, indicating some variability in the management of inventory levels.
On average, Emcor Group, Inc. held inventory for approximately 3.70 days over this period. A lower DOH suggests efficient inventory management, allowing the company to turn over its inventory quickly. Conversely, a higher DOH may indicate slower inventory turnover, potentially tying up capital and increasing storage costs.
The overall trend in the DOH for Emcor Group, Inc. appears relatively stable, with some minor fluctuations. However, it would be important to further investigate the reasons behind the variations in order to assess the effectiveness of the company's inventory management practices and their potential impact on financial performance.
Peer comparison
Dec 31, 2023