GE Vernova LLC (GEV)
Days of inventory on hand (DOH)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | ||
|---|---|---|---|---|---|
| Inventory turnover | 3.48 | 3.47 | 3.23 | 3.95 | |
| DOH | days | 104.95 | 105.16 | 112.89 | 92.41 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.48
= 104.95
The days of inventory on hand (DOH) for GE Vernova LLC have shown variations over the recent quarters. As of December 31, 2023, the company had 92.41 days of inventory on hand, indicating that it took approximately 92 days to sell its inventory. By March 31, 2024, this figure increased significantly to 112.89 days, suggesting a potential buildup in inventory levels or slower inventory turnover.
However, there was a slight improvement in inventory management by June 30, 2024, with the DOH decreasing to 105.16 days. This could indicate better inventory control or increased sales efficiency during that period. As of September 30, 2024, the DOH remained relatively stable at 104.95 days, indicating that the company maintained its inventory levels efficiently in the most recent quarter.
Overall, the trend in DOH for GE Vernova LLC reflects some fluctuations in inventory management effectiveness. Further analysis of the company's operational strategies and industry dynamics may provide insights into the reasons behind these fluctuations and potential areas for improvement.
Peer comparison
Sep 30, 2024