Fastenal Company (FAST)
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 | 3.83 | 3.82 | 3.67 | 3.42 | 3.24 | 3.22 | 3.13 | 3.13 | 3.15 | 3.33 | 3.43 | 3.49 | 3.37 | 3.32 | 3.16 | 3.22 | 3.13 | 3.13 | 3.09 | 3.14 | |
| DOH | days | 95.35 | 95.49 | 99.36 | 106.57 | 112.57 | 113.29 | 116.52 | 116.67 | 115.89 | 109.70 | 106.52 | 104.64 | 108.23 | 110.04 | 115.56 | 113.48 | 116.53 | 116.63 | 118.07 | 116.16 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.83
= 95.35
Fastenal Co.'s Days of Inventory on Hand (DOH) has shown a slight improvement in Q4 2023 compared to the previous quarter, decreasing from 139.53 days to 139.22 days. Over the past year, there has been a general downward trend in DOH, indicating that the company is managing its inventory more efficiently. However, it is worth noting that DOH was significantly higher in Q1 2022 at 173.33 days, suggesting that there has been progress in streamlining inventory management practices since then. Overall, the decreasing trend in DOH signals that Fastenal Co. is effectively optimizing its inventory levels, which can lead to improved cash flow and profitability.
Peer comparison
Dec 31, 2023