Genuine Parts Co (GPC)
Days of inventory on hand (DOH)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.73 | 2.71 | 2.93 | 3.13 | 3.18 | 3.30 | 3.27 | 3.20 | 3.23 | 3.24 | 3.10 | 3.03 | 3.15 | 3.18 | 3.17 | 3.08 | 3.20 | 3.38 | 3.61 | 3.49 | |
| DOH | days | 133.63 | 134.46 | 124.63 | 116.44 | 114.65 | 110.57 | 111.47 | 114.19 | 112.93 | 112.81 | 117.65 | 120.27 | 116.03 | 114.68 | 115.13 | 118.38 | 113.89 | 108.02 | 101.08 | 104.61 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.73
= 133.63
The days of inventory on hand (DOH) for Genuine Parts Co have shown some fluctuations over the analyzed periods. The trend indicates an increasing trend from around 104.61 days as of March 31, 2020, to a peak of 134.46 days as of September 30, 2024.
The increase in DOH can indicate that Genuine Parts Co is carrying more inventory relative to its sales, which may tie up capital and increase storage costs. This may sometimes be a signal of inefficiency in inventory management or slower inventory turnover.
However, it's important to note that inventory levels can be affected by various factors, including seasonal fluctuations, changes in demand, and supply chain disruptions. Therefore, it would be insightful to further investigate the specific reasons behind the fluctuations in DOH to determine if there are any underlying issues affecting Genuine Parts Co's inventory management efficiency.