Group 1 Automotive Inc (GPI)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.33 | 7.57 | 9.77 | 10.29 | 6.19 | |
| DOH | days | 57.65 | 48.25 | 37.35 | 35.47 | 58.99 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.33
= 57.65
To analyze Group 1 Automotive Inc's days of inventory on hand (DOH) trend, we look at the data provided for the years 2020 to 2024:
- December 31, 2020: 58.99 days
- December 31, 2021: 35.47 days
- December 31, 2022: 37.35 days
- December 31, 2023: 48.25 days
- December 31, 2024: 57.65 days
From the data, we can observe a decreasing trend in the days of inventory on hand over the five-year period. The DOH decreased from 58.99 days in 2020 to 35.47 days in 2021, indicating that the company was more efficient in managing its inventory during that year.
Subsequently, there was a slight increase in DOH to 37.35 days in 2022, which was still below the initial value in 2020. In 2023, the DOH increased to 48.25 days, suggesting a potential slowing down in inventory turnover.
Finally, by the end of 2024, the DOH rose further to 57.65 days. This increase indicates that, on December 31, 2024, Group 1 Automotive Inc had more days of inventory on hand compared to the previous two years, which might imply a need for improved inventory management practices.
Overall, the fluctuating trend in days of inventory on hand for Group 1 Automotive Inc can provide insights into the company's inventory management efficiency and effectiveness over the specified period.
Peer comparison
Dec 31, 2024