Griffon Corporation (GFF)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 5.44 | 5.41 | 5.27 | 5.50 | 5.18 | 5.72 | 5.69 | 4.79 | 4.61 | 3.21 | 3.22 | 4.00 | 4.54 | 3.58 | 3.72 | 3.93 | 5.31 | 5.45 | 4.75 | 4.65 | |
| DOH | days | 67.12 | 67.46 | 69.29 | 66.32 | 70.53 | 63.76 | 64.18 | 76.15 | 79.13 | 113.66 | 113.42 | 91.31 | 80.46 | 102.02 | 98.22 | 92.86 | 68.77 | 66.99 | 76.82 | 78.48 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.44
= 67.12
The days of inventory on hand (DOH) for Griffon Corporation has fluctuated over the past years. The company's DOH has shown some variability, with a peak of 113.66 days on June 30, 2022, and a low of 63.76 days on June 30, 2023.
In recent quarters, the trend in DOH has been relatively stable, hovering around the 65 to 70-day range. This stability suggests that Griffon Corporation has been effectively managing its inventory levels in relation to its sales volume.
Overall, the company's DOH indicates the number of days it takes for the company to sell off its inventory. An increasing trend in DOH may signal inefficiencies in inventory management leading to increased carrying costs, while a decreasing trend may suggest improved inventory turnover and potentially better working capital management. It is essential for Griffon Corporation to continue monitoring and optimizing its inventory management practices to maintain an optimal balance between inventory levels and sales.