Flowserve Corporation (FLS)
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 | 3.71 | 3.62 | 3.68 | 3.51 | 3.46 | 3.23 | 3.08 | 3.05 | 3.26 | 3.25 | 3.35 | 3.46 | 3.67 | 3.62 | 3.70 | 3.86 | 3.92 | 3.70 | 3.90 | 3.92 | |
| DOH | days | 98.47 | 100.87 | 99.31 | 103.90 | 105.52 | 112.90 | 118.42 | 119.58 | 111.86 | 112.47 | 108.96 | 105.62 | 99.37 | 100.75 | 98.58 | 94.60 | 93.12 | 98.64 | 93.64 | 93.10 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.71
= 98.47
Flowserve Corporation's days of inventory on hand (DOH) has shown some fluctuations over the past few years.
From March 31, 2020, to June 30, 2021, DOH remained relatively stable, ranging between 93 and 98 days. However, from September 30, 2021, to March 31, 2024, there was a gradual increase in DOH, reaching a peak of 119.58 days by March 31, 2023. This prolonged increase may indicate inefficiencies in inventory management or potential issues with sales forecasting.
Subsequently, from June 30, 2023, to December 31, 2024, there was a decline in DOH, indicating a potential improvement in inventory management practices. The decreasing trend may signal a more efficient use of resources and better alignment between production and demand.
Overall, it is essential for Flowserve Corporation to closely monitor its inventory turnover and implement strategies to optimize inventory levels to ensure efficient operations and improved financial performance.
Peer comparison
Dec 31, 2024