Eaton Corporation PLC (ETN)
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 | 3.95 | 3.93 | 3.93 | 3.94 | 4.04 | 3.95 | 3.87 | 4.03 | 4.48 | 4.73 | 4.86 | 5.12 | 5.88 | 6.10 | 6.20 | 6.00 | 5.11 | 4.98 | 5.10 | 5.01 | |
| DOH | days | 92.45 | 92.98 | 92.79 | 92.67 | 90.30 | 92.38 | 94.27 | 90.50 | 81.52 | 77.22 | 75.15 | 71.25 | 62.04 | 59.83 | 58.91 | 60.87 | 71.41 | 73.27 | 71.63 | 72.87 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.95
= 92.45
Eaton Corporation plc's days of inventory on hand (DOH) have been relatively stable over the past eight quarters, ranging from a low of 90.30 days in Q4 2022 to a high of 94.27 days in Q2 2022. The average DOH over this period is approximately 92.25 days. This indicates that, on average, the company holds its inventory for around 92 days before it is sold or used in the production process. A consistent DOH level may suggest efficient inventory management practices, ensuring that the company maintains an adequate inventory level without excess holding costs. However, it is important to monitor any significant deviations from this trend, as prolonged increases in DOH could indicate potential issues with sales, production, or inventory management strategies within the company.
Peer comparison
Dec 31, 2023
See also:
Eaton Corporation PLC Average Inventory Processing Period (Quarterly Data)