Eagle Materials Inc (EXP)
Days of inventory on hand (DOH)
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.59 | 5.04 | 5.49 | 5.45 | 5.60 | 6.51 | 7.00 | 6.52 | 6.16 | 6.55 | 6.67 | 6.15 | 5.63 | 5.81 | 6.69 | 6.18 | 5.40 | 7.07 | 5.87 | 5.27 | |
| DOH | days | 79.50 | 72.44 | 66.47 | 66.94 | 65.17 | 56.06 | 52.13 | 56.02 | 59.24 | 55.73 | 54.71 | 59.32 | 64.85 | 62.87 | 54.53 | 59.07 | 67.62 | 51.59 | 62.15 | 69.28 |
March 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.59
= 79.50
The days of inventory on hand (DOH) for Eagle Materials Inc have fluctuated over the past few quarters. The trend shows some variability with the latest reported DOH at 79.50 days as of March 31, 2024, which is higher compared to the previous quarter at 72.44 days as of December 31, 2023. This indicates that the company is holding inventory for a longer period before selling or using it.
Looking further back, the DOH has generally increased from a low of 51.59 days as of March 31, 2020, to the current high of 79.50 days as of March 31, 2024. This significant rise over time could be a cause for concern as it may suggest issues with inventory management, overproduction, slowing sales, or changing demand patterns.
It would be important for Eagle Materials Inc to closely monitor and evaluate its inventory levels, production processes, and demand forecasting to ensure efficient inventory management and avoid potential inefficiencies or excessive carrying costs associated with holding inventory for extended periods.