Comfort Systems USA Inc (FIX)
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 | 64.33 | 75.03 | 92.78 | 98.23 | 96.26 | 83.75 | 94.47 | 108.20 | 114.88 | 119.07 | 120.11 | 145.21 | 171.44 | 183.84 | 190.96 | 219.60 | 210.22 | 157.61 | 149.12 | 138.87 | |
| DOH | days | 5.67 | 4.86 | 3.93 | 3.72 | 3.79 | 4.36 | 3.86 | 3.37 | 3.18 | 3.07 | 3.04 | 2.51 | 2.13 | 1.99 | 1.91 | 1.66 | 1.74 | 2.32 | 2.45 | 2.63 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 64.33
= 5.67
Comfort Systems USA, Inc.'s days of inventory on hand (DOH) has shown fluctuations over the past eight quarters. In Q4 2023, the company had 5.67 days of inventory on hand, which increased from 4.86 days in Q3 2023. This increase may indicate that the company is carrying more inventory relative to its sales. Comparing this figure to previous quarters, there is a clear upward trend in inventory days from Q1 2023. However, it is important to note that Q4 2023 DOH is still lower than the levels seen in Q4 2022. Overall, monitoring trends in inventory management is crucial for assessing the efficiency of Comfort Systems USA, Inc.'s operations and potential impacts on cash flow and profitability.
Peer comparison
Dec 31, 2023