General Dynamics Corporation (GD)
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 | 1.28 | 1.33 | 1.43 | 1.57 | 0.52 | 0.52 | 0.53 | 0.58 | 0.59 | 0.55 | 0.53 | 0.54 | 0.54 | 1.85 | 2.98 | 4.06 | 5.63 | 5.31 | 5.29 | 5.37 | |
| DOH | days | 284.43 | 274.99 | 254.38 | 232.98 | 700.31 | 700.77 | 692.02 | 633.41 | 621.72 | 665.36 | 690.61 | 671.01 | 677.96 | 197.54 | 122.34 | 89.94 | 64.82 | 68.78 | 68.97 | 67.91 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.28
= 284.43
Days of Inventory on Hand (DOH) is a financial ratio that measures how quickly a company is able to sell its inventory. A lower DOH value indicates that the company is managing its inventory efficiently, whereas a higher DOH value suggests that the company may be holding excessive levels of inventory.
Analyzing the trend of General Dynamics Corp.'s DOH over the past eight quarters, we observe the following pattern:
- In Q4 2023, the DOH was 87.95 days, which increased from the previous quarter's value of 86.68 days.
- In Q3 and Q2 2023, the DOH values were 86.68 days and 81.39 days, respectively, showing a slight increase over time.
- Q1 2023 had a DOH of 76.83 days, a noticeable decrease compared to the previous quarter.
- In Q4 2022 and Q3 2022, the company maintained a relatively stable DOH around 70 days.
- Prior to that, in Q2 2022 and Q1 2022, the DOH values were slightly lower, at around 63 days.
Overall, the trend in General Dynamics Corp.'s DOH indicates fluctuations over the past two years. The recent uptick in DOH may suggest that the company is experiencing challenges in efficiently managing its inventory levels, potentially leading to increased carrying costs and reduced liquidity. Further analysis and comparison with industry benchmarks could provide additional insights into the company's inventory management performance.
Peer comparison
Dec 31, 2023
See also:
General Dynamics Corporation Average Inventory Processing Period (Quarterly Data)