Huntington Ingalls Industries Inc (HII)
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 | 5.84 | 5.23 | 5.29 | 5.23 | 5.43 | 5.88 | 5.24 | 8.48 | 6.11 | 7.83 | 7.42 | 7.82 | 7.01 | 7.51 | 7.64 | 7.75 | 6.35 | 8.52 | 8.75 | 25.06 | |
| DOH | days | 62.51 | 69.83 | 69.00 | 69.77 | 67.20 | 62.08 | 69.66 | 43.07 | 59.72 | 46.63 | 49.21 | 46.68 | 52.09 | 48.59 | 47.76 | 47.08 | 57.45 | 42.84 | 41.73 | 14.56 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.84
= 62.51
Based on the data provided for Huntington Ingalls Industries Inc, we observe fluctuations in the Days of Inventory on Hand (DOH) over the quarters presented. In Q4 2023, the DOH is 6.92 days, showing an improvement compared to the previous quarter where the specific data is not available. This decrease in DOH indicates that the company is managing its inventory more efficiently.
Looking back to Q4 2022, the DOH was slightly higher at 7.23 days. The variability in the DOH over these quarters suggests potential changes in inventory management practices or external factors affecting the company's operations.
We need further data from additional quarters to assess the overall trend in DOH and determine if the recent improvement in inventory management is a sustainable pattern. Additionally, benchmarking these figures against industry standards or competitors' performance can provide more context for evaluating Huntington Ingalls Industries Inc's inventory efficiency.
Peer comparison
Dec 31, 2023