Comfort Systems USA Inc (FIX)
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 | 94.18 | 93.96 | 76.85 | 63.46 | 64.48 | 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 | |
| DOH | days | 3.88 | 3.88 | 4.75 | 5.75 | 5.66 | 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 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 94.18
= 3.88
Comfort Systems USA Inc's days of inventory on hand (DOH) has shown an upward trend over the analyzed period, starting at 1.66 days on March 31, 2020, and peaking at 5.75 days on March 31, 2024. This indicates that, on average, it took the company 5.75 days to sell its inventory at that point in time.
The increase in DOH from 2020 to 2024 suggests a potential buildup of inventory or slower inventory turnover, which may tie up the company's capital and could indicate inefficiencies in managing inventory levels. However, it is important to consider the industry norms and seasonality factors that could influence inventory levels.
The fluctuations in DOH throughout the periods may be a reflection of various factors such as changes in demand, production levels, procurement strategies, or supply chain disruptions. An increasing DOH could also signal potential risks related to obsolescence, storage costs, or declining demand for the company's products.
Further analysis and comparison with industry benchmarks and historical data would provide a more comprehensive understanding of Comfort Systems USA Inc's inventory management efficiency and overall operational performance.
Peer comparison
Dec 31, 2024