GATX Corporation (GATX)

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		0.79	—	—	—	8.02	—	—	—	10.02	—	1.00	—	10.93	—	—	—	12.79	—	—	—
DOH	days	459.77	—	—	—	45.52	—	—	—	36.44	—	366.66	—	33.40	—	—	—	28.54	—	—	—

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.79
= 459.77

The days of inventory on hand (DOH) for GATX Corporation over the past few years show some fluctuations. The figures indicate the number of days it takes the company to sell its inventory.

1. As of December 31, 2020, the DOH was 28.54 days, indicating that, on average, GATX had about a month's worth of inventory on hand.

2. The DOH increased to 33.40 days by December 31, 2021, suggesting that the company was holding onto its inventory slightly longer than in the previous year.

3. A significant spike was observed on June 30, 2022, with the DOH reaching 366.66 days. This is an anomaly and could be due to various reasons such as inaccuracies in reporting or a significant change in the company's inventory management practices.

4. By December 31, 2022, the DOH decreased to 36.44 days, indicating a notable improvement from the previous period.

5. The DOH increased again to 45.52 days by December 31, 2023, demonstrating that GATX was taking longer to sell its inventory compared to the previous year.

6. A substantial increase is noted on December 31, 2024, with the DOH skyrocketing to 459.77 days. This is also likely an outlier or an error in reporting that needs further investigation.

Overall, examining the trend of the DOH for GATX Corporation reveals fluctuations and some abnormal values. It would be essential for stakeholders to scrutinize the data further to understand the reasons behind these anomalies and assess the company's inventory management efficiency.