Huntington Ingalls Industries Inc (HII)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.18 | 5.81 | 6.11 | 7.10 | 6.35 | |
| DOH | days | 59.03 | 62.78 | 59.72 | 51.39 | 57.45 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.18
= 59.03
Huntington Ingalls Industries Inc's days of inventory on hand (DOH) has shown some fluctuations over the past five years. The company's inventory management improved in 2023 as the DOH decreased to 6.92 days from 7.23 days in 2022. This indicates that the company held its inventory for a slightly shorter period in 2023, which could be a positive sign of efficient inventory turnover.
Comparing to the previous years, the trend shows a relatively stable DOH between 6.50 days and 7.23 days, with a slight increase in 2022. This suggests that the company has been able to effectively manage its inventory levels over the years, avoiding significant spikes or declines in inventory turnover.
Overall, the decreasing DOH in 2023 signifies a potential improvement in inventory management efficiency for Huntington Ingalls Industries Inc, although further analysis and comparison with industry standards would provide more insight into the company's performance in this area.
Peer comparison
Dec 31, 2023