Flowserve Corporation (FLS)
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 | 4.59 | 4.26 | 4.08 | 4.04 | 4.29 | 4.30 | 4.42 | 4.59 | 4.88 | 4.82 | 4.92 | 5.15 | 5.28 | 5.02 | 5.31 | 5.31 | 5.36 | 5.07 | 5.12 | 5.18 | |
| DOH | days | 79.56 | 85.70 | 89.55 | 90.33 | 85.03 | 84.90 | 82.53 | 79.46 | 74.80 | 75.77 | 74.21 | 70.93 | 69.11 | 72.66 | 68.76 | 68.74 | 68.05 | 71.96 | 71.31 | 70.46 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.59
= 79.56
To analyze Flowserve Corp.'s days of inventory on hand (DOH) over the past eight quarters, we observe a fluctuating trend. DOH measures the average number of days that inventory is held before being sold, with a lower number indicating faster inventory turnover.
In Q1 2022, the DOH was 105.62 days, which decreased slightly in Q2 2022 to 108.96 days before falling further in Q3 2022 to 112.47 days. However, in Q4 2022, there was a notable decrease to 111.86 days.
Moving into 2023, there was an increase in DOH, with values in Q1, Q2, and Q3 being 119.58 days, 118.42 days, and 112.90 days, respectively. Notably, in Q4 2023, DOH was 105.52 days, the lowest value observed over the eight quarters.
The decreasing trend from Q1 2023 to Q4 2023 suggests that Flowserve Corp. may be managing its inventory more efficiently, potentially indicating improved sales or inventory management practices. However, the overall fluctuations in DOH warrant continued monitoring to assess the company's inventory management effectiveness and operational performance.
Peer comparison
Dec 31, 2023