Forward Air Corporation (FWRD)
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 | — | — | — | — | — | — | — | — | — | — | — | — | 47.13 | 34.79 | 66.34 | — | 509.16 | — | — | — | |
| DOH | days | — | — | — | — | — | — | — | — | — | — | — | — | 7.74 | 10.49 | 5.50 | — | 0.72 | — | — | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) for Forward Air Corporation has shown fluctuations over the periods presented in the data. The trend indicates some variability in managing inventory levels efficiently.
As of the latest available data, the company's DOH is not provided. However, looking at the historical DOH figures, there has been a noticeable increase in DOH from December 2020 to September 2021, peaking at 10.49 days in September 2021. This suggests that the company may have experienced challenges in controlling and turning over its inventory during that period.
Subsequently, there was a significant decrease in DOH to 0.72 days by December 2019, indicating a notable improvement in inventory management efficiency. However, the lack of DOH data for several periods between March 2020 and June 2022 limits a more in-depth analysis of trends during that timeframe.
Overall, monitoring DOH is crucial for assessing how efficiently a company is managing its inventory, as a high DOH can tie up capital and may signal inefficiencies in inventory turnover, while a low DOH may indicate stockouts or potential supply chain disruptions. It would be beneficial for Forward Air Corporation to provide more consistent and detailed DOH data to facilitate a more robust analysis of its inventory management effectiveness.
Peer comparison
Dec 31, 2023