Granite Construction Incorporated (GVA)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 31.75 | 29.96 | 33.77 | 43.65 | 39.07 | |
| DOH | days | 11.49 | 12.18 | 10.81 | 8.36 | 9.34 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 31.75
= 11.49
Granite Construction Incorporated's Days of Inventory on Hand (DOH) has shown some fluctuations over the past five years. In December 2020, the company had 9.34 days worth of inventory on hand, which decreased to 8.36 days by December 2021. However, the DOH increased in the following years, reaching 10.81 days by December 2022, 12.18 days by December 2023, and then slightly decreasing to 11.49 days by December 2024.
The increase in DOH from 2021 to 2024 may indicate that Granite Construction Incorporated is carrying more inventory relative to its sales, which could suggest potential inefficiencies in inventory management or slowdowns in sales. On the other hand, a lower DOH in 2021 compared to 2020 could imply improved turnover of inventory or tighter control over stock levels.
Overall, further analysis of the company's sales trends, procurement processes, and inventory management practices would be necessary to fully assess the impact of these changes in Days of Inventory on Hand on Granite Construction Incorporated's financial performance and operational efficiency.
Peer comparison
Dec 31, 2024