Eagle Materials Inc (EXP)
Days of inventory on hand (DOH)
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.82 | 4.02 | 4.20 | 4.23 | 4.21 | 4.65 | 5.06 | 5.04 | 5.17 | 6.02 | 6.46 | 6.01 | 5.67 | 6.14 | 6.23 | 5.71 | 5.16 | 5.22 | 5.13 | 4.74 | |
| DOH | days | 95.47 | 90.69 | 86.94 | 86.38 | 86.71 | 78.53 | 72.08 | 72.46 | 70.61 | 60.63 | 56.47 | 60.75 | 64.37 | 59.45 | 58.63 | 63.95 | 70.73 | 69.86 | 71.08 | 77.08 |
March 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.82
= 95.47
Eagle Materials Inc's days of inventory on hand (DOH) has shown a fluctuating trend over the past few years. From June 30, 2020, to March 31, 2021, the DOH decreased steadily from 77.08 days to 70.73 days, indicating more efficient management of inventory. However, there was a slight increase to 63.95 days by June 30, 2021.
Subsequently, there was a notable drop in DOH to 56.47 days by September 30, 2022, reflecting improved inventory management efficiency. However, there was a slight increase to 60.63 days by December 31, 2022, followed by a further increase to 72.46 days by June 30, 2023. This upward trend continued, reaching 95.47 days by March 31, 2025.
Overall, the company experienced periods of effective inventory management as indicated by the lower DOH figures, but also faced challenges leading to increased DOH values, suggesting potential issues with inventory turnover efficiency in those periods. It may be beneficial for Eagle Materials Inc to review its inventory management practices to optimize its working capital and operational efficiency.