Greenbrier Companies Inc (GBX)
Days of inventory on hand (DOH)
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.87 | 4.25 | 3.28 | 2.64 | 4.61 | |
| DOH | days | 94.23 | 85.82 | 111.38 | 138.08 | 79.24 |
August 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.87
= 94.23
The days of inventory on hand (DOH) for Greenbrier Companies Inc has exhibited variability over the past five years. In 2020, the company had approximately 79.24 days of inventory on hand, which increased to 138.08 days in 2021, indicating a significant increase in the time it takes for the company to sell its inventory.
Subsequently, there was a notable decrease in 2022 to 111.38 days, followed by a further decrease to 85.82 days in 2023. This downward trend suggests an improvement in inventory management efficiency over these two years.
However, in 2024, the DOH increased to 94.23 days, indicating a slight deterioration in inventory turnover compared to the previous year. It is crucial for the company to monitor and manage its inventory levels effectively to optimize working capital and ensure liquidity.
Peer comparison
Aug 31, 2024