Huntington Ingalls Industries Inc (HII)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.20 | 6.18 | 5.81 | 6.11 | 7.10 | |
| DOH | days | 70.17 | 59.03 | 62.78 | 59.72 | 51.39 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.20
= 70.17
The days of inventory on hand (DOH) for Huntington Ingalls Industries Inc has displayed a fluctuating trend over the past five years based on the provided data. In December 31, 2020, the DOH was observed at 51.39 days, indicating that on average, the company held its inventory for around 51 days before it was sold. Subsequently, the DOH increased to 59.72 days by December 31, 2021, reflecting a prolonged holding period for inventory.
By December 31, 2022, the DOH further rose to 62.78 days, suggesting a continued trend of slower inventory turnover. However, there was a slight decrease in the DOH to 59.03 days by December 31, 2023, implying a potential improvement in inventory management efficiency.
Nevertheless, by December 31, 2024, the DOH surged to 70.17 days, marking a significant increase in the average number of days inventory was held by the company before being sold. This extended holding period could imply potential challenges in managing inventory levels effectively or slower sales turnover.
Overall, the fluctuating trend in DOH for Huntington Ingalls Industries Inc signifies varying levels of efficiency in inventory management over the years, and further analysis may be required to assess the underlying factors contributing to these changes.
Peer comparison
Dec 31, 2024