Fortune Brands Innovations Inc. (FBIN)
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 | 3.09 | 4.13 | 4.13 | 3.96 | 4.08 | 3.92 | 3.45 | 3.25 | 2.73 | 1.90 | 2.00 | 2.16 | 3.19 | 2.81 | 3.33 | 3.81 | 4.53 | 5.16 | 5.02 | 5.34 | |
| DOH | days | 118.24 | 88.44 | 88.45 | 92.23 | 89.38 | 93.16 | 105.72 | 112.29 | 133.61 | 192.22 | 182.42 | 169.28 | 114.30 | 129.89 | 109.69 | 95.82 | 80.63 | 70.68 | 72.71 | 68.39 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.09
= 118.24
Fortune Brands Innovations Inc.'s days of inventory on hand (DOH) has displayed fluctuating trends over the past few years. From 2020 to 2022, the DOH showed a significant increase, reaching a peak of 192.22 days by September 30, 2022. This could indicate potential issues with inventory management efficiency during this period.
However, from 2022 to 2024, there was a notable decline in the DOH figures, suggesting improvements in managing inventory levels. The decrease in DOH from September 30, 2022, to December 31, 2024, indicates a more streamlined inventory control process, leading to reduced inventory holding periods.
The DOH figure of 88.44 days on September 30, 2024, is a positive indicator of more efficient inventory management compared to the peak in 2022. This may reflect efforts by Fortune Brands Innovations Inc. to optimize inventory turnover and reduce carrying costs.
Overall, while there were fluctuations in DOH over the years, the recent downward trend in DOH from 2022 to 2024 suggests that Fortune Brands Innovations Inc. has made improvements in managing its inventory levels effectively.
Peer comparison
Dec 31, 2024