Comfort Systems USA Inc (FIX)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 93.73 | 64.33 | 96.26 | 114.88 | 171.44 | |
| DOH | days | 3.89 | 5.67 | 3.79 | 3.18 | 2.13 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 93.73
= 3.89
The Days of Inventory on Hand (DOH) for Comfort Systems USA Inc has shown an upward trend over the years, increasing from 2.13 days as of December 31, 2020, to 3.18 days by December 31, 2021, and further reaching 3.79 days at the end of 2022. There was a significant jump in DOH to 5.67 days by December 31, 2023, indicating that the company is holding inventory for a longer period. However, there was a slight decrease to 3.89 days by the end of 2024.
Overall, the increase in DOH suggests that Comfort Systems USA Inc may be facing challenges in efficiently managing its inventory levels, potentially leading to higher carrying costs and a risk of obsolescence. It is advisable for the company to closely monitor its inventory management practices to optimize the balance between maintaining adequate stock levels and minimizing excess inventory.
Peer comparison
Dec 31, 2024