Generac Holdings Inc (GNRC)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 2.97 | 2.74 | 2.67 | 3.20 | 3.38 | |
| DOH | days | 122.90 | 133.17 | 136.45 | 114.19 | 107.87 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.97
= 122.90
The days of inventory on hand (DOH) for Generac Holdings Inc have shown fluctuating trends over the past five years.
In 2019, the company had 135.46 days of inventory on hand, which increased to 144.16 days in 2020. This increase suggests that the company was holding onto its inventory for a slightly longer period in 2020 compared to the previous year.
In 2021, the DOH further increased to 167.32 days, indicating a significant rise in the time taken to sell off inventory. However, there was a slight decrease in 2022, as the DOH dropped to 168.59 days.
The most recent data for 2023 shows a decrease in DOH to 160.37 days, which suggests that the company has improved its inventory management efficiency compared to the previous year.
Overall, the fluctuating trend in DOH over the years indicates potential changes in the company's inventory management practices and sales efficiency. It is essential for Generac Holdings Inc to continue monitoring and optimizing its inventory levels to ensure efficient operations and profitability.
Peer comparison
Dec 31, 2023