Fastenal Company (FAST)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.68 | 3.83 | 3.24 | 3.15 | 3.38 | |
| DOH | days | 99.30 | 95.35 | 112.58 | 115.75 | 108.10 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.68
= 99.30
The days of inventory on hand (DOH) for Fastenal Company have exhibited some fluctuations over the past five years. In 2020, the DOH was reported at 108.10 days, and this metric increased to 115.75 days by the end of 2021. Subsequently, there was a slight decrease in DOH to 112.58 days by the end of 2022. Notably, in 2023, there was a significant improvement as the DOH decreased to 95.35 days, indicating a more efficient management of inventory. However, by the end of 2024, the DOH slightly increased to 99.30 days compared to the previous year.
Overall, the trend in DOH for Fastenal Company suggests that there have been fluctuations in managing inventory levels over the past five years, with a notable improvement in 2023. Further analysis may be warranted to understand the factors influencing these variations in inventory management efficiency.
Peer comparison
Dec 31, 2024