Huntington Ingalls Industries Inc (HII)
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 | 4.94 | — | — | — | 5.84 | — | — | — | 5.43 | — | — | 8.48 | 6.11 | 7.83 | 7.42 | 7.82 | 7.01 | 7.51 | 7.64 | 7.75 | |
| DOH | days | 73.92 | — | — | — | 62.51 | — | — | — | 67.20 | — | — | 43.07 | 59.72 | 46.63 | 49.21 | 46.68 | 52.09 | 48.59 | 47.76 | 47.08 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.94
= 73.92
Days of Inventory on Hand (DOH) is a key efficiency metric that indicates how many days, on average, a company holds its inventory before selling it. In the case of Huntington Ingalls Industries Inc, the trend of DOH over the past few years shows some fluctuations.
As of December 31, 2024, Huntington Ingalls Industries Inc had a DOH of 73.92 days, which is significantly higher compared to previous periods. This could suggest that the company might be holding onto inventory for a longer period, which could tie up capital and indicate potential inefficiencies in managing inventory levels.
It is notable that DOH decreased to 43.07 days as of March 31, 2022, which was the lowest point in the data provided. This could indicate effective inventory management during that period. However, the metric increased again to 67.20 days by December 31, 2022, highlighting a potential reversal in efficiency.
The absence of DOH data for some quarters such as June 30, 2022, and subsequent dates makes it challenging to analyze the continuous trend of inventory management. However, the available data indicates fluctuations in DOH, suggesting potential areas for improvement in inventory control and efficiency for Huntington Ingalls Industries Inc. Monitoring and managing inventory levels effectively is crucial for optimizing working capital and maintaining a healthy balance between inventory investment and sales.
Peer comparison
Dec 31, 2024