Franklin Electric Co Inc (FELE)
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 | 2.70 | 2.47 | 2.49 | 2.52 | 2.69 | 2.54 | 2.41 | 2.28 | 2.48 | 2.36 | 2.21 | 2.22 | 2.41 | 2.55 | 2.68 | 2.76 | 2.71 | 2.85 | 2.76 | 2.78 | |
| DOH | days | 135.43 | 147.81 | 146.86 | 144.64 | 135.71 | 143.93 | 151.19 | 160.21 | 147.10 | 154.61 | 165.44 | 164.06 | 151.27 | 143.20 | 136.08 | 132.44 | 134.91 | 128.25 | 132.10 | 131.31 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.70
= 135.43
The days of inventory on hand (DOH) for Franklin Electric Co Inc have shown fluctuations over the period from March 31, 2020, to December 31, 2024. The company's DOH ranged from a low of 128.25 days in September 30, 2020, to a high of 165.44 days in June 30, 2022.
Generally, a lower DOH indicates that the company is managing its inventories efficiently, while a higher DOH may suggest overstocking or slower inventory turnover. In this case, the DOH increased significantly in the latter part of 2021 and into 2022 before showing a slight decrease in the following periods.
It is essential for Franklin Electric Co Inc to closely monitor its inventory levels to strike a balance between holding too much inventory, tying up capital, and risking obsolescence, versus holding too little inventory and potentially risking stockouts. Further analysis and comparison with industry benchmarks can provide additional insights into the company's inventory management practices and efficiency.
Peer comparison
Dec 31, 2024