Granite Construction Incorporated (GVA)
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 | 31.75 | 31.93 | 27.93 | 27.39 | 29.96 | 32.19 | 31.52 | 28.60 | 31.90 | 33.32 | 35.12 | 39.25 | 48.86 | 41.79 | 36.55 | 37.09 | 39.07 | 28.30 | 28.07 | 29.99 | |
| DOH | days | 11.49 | 11.43 | 13.07 | 13.33 | 12.18 | 11.34 | 11.58 | 12.76 | 11.44 | 10.96 | 10.39 | 9.30 | 7.47 | 8.73 | 9.99 | 9.84 | 9.34 | 12.90 | 13.01 | 12.17 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 31.75
= 11.49
Granite Construction Incorporated's Days of Inventory on Hand (DOH) shows the number of days it takes for the company to sell its inventory. A lower DOH indicates a more efficient inventory management system.
Analyzing the data provided:
- In December 2021, the DOH decreased significantly to 7.47 days, indicating a strong performance in inventory management.
- The DOH gradually increased from March 2022 to June 2024, reaching its highest point of 13.33 days in March 2024.
- In September 2024, there was a notable decrease in DOH to 11.43 days, showing a potential improvement in inventory turnover.
Overall, Granite Construction Incorporated has experienced fluctuations in its DOH over the years, demonstrating varying levels of efficiency in managing its inventory levels. Further analysis and comparison with industry benchmarks would provide valuable insights into the effectiveness of the company's inventory management practices.
Peer comparison
Dec 31, 2024