WW Grainger Inc (GWW)

Days of inventory on hand (DOH)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		6.19	6.31	6.14	5.96	5.83	6.18	6.23	6.20	6.19	6.29	6.41	6.39	6.35	6.18	6.47	6.72	6.21	6.64	6.60	6.66
DOH	days	59.01	57.89	59.46	61.22	62.63	59.07	58.61	58.86	59.01	57.99	56.92	57.11	57.50	59.06	56.39	54.32	58.76	55.00	55.33	54.81

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.19
= 59.01

W.W. Grainger Inc.'s days of inventory on hand (DOH) have shown some fluctuation over the past eight quarters. The company's DOH ranged from a low of 81.42 days in Q3 2023 to a high of 87.68 days in Q4 2022. Overall, the average DOH for the period was approximately 83.77 days.

A lower DOH indicates that the company is managing its inventory efficiently, while a higher DOH may suggest overstocking or slow-moving inventory. In this case, the trend suggests that W.W. Grainger Inc. has been effectively managing its inventory levels in recent quarters.

It is important for investors and analysts to monitor changes in DOH to understand how well a company is managing its inventory. A stable or decreasing trend in DOH can indicate effective inventory management practices, while a consistent increase may raise concerns about the company's liquidity or operational efficiency.