Gates Industrial Corporation plc (GTES)

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 3.03 2.87 3.04 3.21 3.42 3.51 3.55 3.47 3.51 3.28 3.19 3.05 3.13 3.23 3.42 3.43 3.46 3.56 3.54 3.93
DOH days 120.38 127.08 120.15 113.84 106.83 103.93 102.68 105.16 103.97 111.40 114.35 119.83 116.69 113.15 106.59 106.34 105.50 102.61 103.10 92.99

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.03
= 120.38

The days of inventory on hand (DOH) for Gates Industrial Corporation plc has shown a fluctuating trend over the past few years. From March 31, 2020, to June 30, 2022, the DOH increased gradually from 92.99 days to 114.35 days, indicating that the company was holding onto its inventory for a longer period before selling it.

However, from June 30, 2022, to December 31, 2024, there was more fluctuation in the DOH, with peaks at 127.08 days on September 30, 2024, and a subsequent decrease to 120.38 days on December 31, 2024. This suggests potential inventory management challenges or shifts in demand patterns during this period.

Overall, the DOH metric for Gates Industrial Corporation plc has shown variability, which may require further investigation into the company's inventory management strategies, supply chain efficiency, and potential impacts on cash flow and profitability. Investors and stakeholders should monitor these trends closely to assess the company's operational effectiveness and financial performance.