Forward Air Corporation (FWRD)
Days of inventory on hand (DOH)
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | 1,386.51 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 51.21 | 64.81 | 93.98 | |
| DOH | days | — | — | 0.26 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 7.13 | 5.63 | 3.88 |
March 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) for Forward Air Corporation has shown a fluctuating trend over the past few quarters. From June 30, 2020, to September 30, 2020, the DOH increased from 3.88 days to 5.63 days, indicating a longer time period for inventory to be sold. This upward trend continued as the DOH rose to 7.13 days by December 31, 2020.
However, the data for the subsequent periods is unavailable, with dashes indicating missing information. This lack of data makes it challenging to assess the inventory management efficiency of the company for the following quarters.
On a positive note, there was a significant improvement in inventory management efficiency by September 30, 2024, with the DOH reducing to 0.26 days. This suggests that Forward Air Corporation was able to reduce excess inventory and turn over its inventory more quickly during that period.
In conclusion, the available data shows fluctuations in Forward Air Corporation's inventory management efficiency, with improvements in some quarters and missing data in others, making it important for the company to closely monitor and optimize its inventory levels to ensure effective operations and financial performance.
Peer comparison
Mar 31, 2025