Franklin Electric Co Inc (FELE)
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 | 3.58 | 3.37 | 3.21 | 3.04 | 3.31 | 3.15 | 2.97 | 3.03 | 3.31 | 3.51 | 3.67 | 3.78 | 3.74 | 3.91 | 3.79 | 3.78 | 4.00 | 3.58 | 3.38 | 3.52 | |
| DOH | days | 102.03 | 108.37 | 113.86 | 120.19 | 110.28 | 115.92 | 122.73 | 120.33 | 110.44 | 104.10 | 99.43 | 96.59 | 97.52 | 93.35 | 96.37 | 96.61 | 91.35 | 101.87 | 107.92 | 103.81 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.58
= 102.03
The days of inventory on hand (DOH) for Franklin Electric Co., Inc. experienced fluctuations over the past eight quarters. In Q1 2022, the DOH was 164.06 days, reflecting a high level of inventory relative to the cost of goods sold. The DOH decreased to 147.10 days in Q4 2022 but then increased again to 160.21 days in Q1 2023. Subsequently, there was a downward trend in DOH, reaching the lowest value of 135.71 days in Q4 2023.
Analyzing the DOH trend, a decreasing value indicates efficient management of inventory, resulting in faster turnover and potentially lower holding costs. Conversely, an increasing trend may suggest overstocking, potentially leading to increased holding costs and obsolete inventory risks. Overall, monitoring the DOH can provide insights into the efficiency of inventory management practices within the company.
Peer comparison
Dec 31, 2023