Expeditors International of Washington, Inc. (EXPD)

Days of inventory on hand (DOH)

		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	Mar 31, 2020
Inventory turnover		—	—	—	—	—	40.47	62.20	66.56	57.85	33.19	22.26	19.23	14.54	14.83	20.14	25.12	26.47	32.92	50.11	49.20
DOH	days	—	—	—	—	—	9.02	5.87	5.48	6.31	11.00	16.40	18.98	25.10	24.61	18.13	14.53	13.79	11.09	7.28	7.42

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The days of inventory on hand (DOH) is a financial ratio that measures how many days, on average, a company holds its inventory before selling it. Looking at the trend for Expeditors International of Washington, Inc., we can observe fluctuations in the DOH over the past several quarters.

From March 31, 2020, to December 31, 2022, the DOH generally increased steadily from 7.42 days to 6.31 days, indicating a longer holding period for inventory. This may suggest potential challenges in managing inventory turnover efficiently during this period.

However, the trend reversed in subsequent quarters, with the DOH decreasing significantly to 5.48 days as of March 31, 2023, and continuing to improve to 5.87 days by June 30, 2023. This downward trend indicates that the company may have implemented more effective inventory management strategies, leading to a shorter holding period.

It is worth noting that the data for the DOH is missing for the quarters ending December 31, 2023, and beyond, which makes it challenging to provide a complete analysis of the recent trend. Further information would be needed to assess whether the improving trend in inventory turnover has continued or if there have been any significant shifts in inventory management practices.

In summary, the DOH for Expeditors International of Washington, Inc. has shown fluctuations over the past few years, initially increasing and then decreasing, suggesting potential changes in inventory management efficiency. Further monitoring of this ratio will be necessary to evaluate ongoing trends in the company's inventory management practices.