Hubbell Inc (HUBB)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		5.54	5.30	5.84	5.65	7.12
DOH	days	65.85	68.88	62.51	64.59	51.23

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.54
= 65.85

The Days of Inventory on Hand (DOH) for Hubbell Inc has shown a mixed trend over the past five years. Starting at 51.23 days on December 31, 2020, the DOH increased to 64.59 days by December 31, 2021. The trend continued to rise slightly to 62.51 days by December 31, 2022, followed by a significant increase to 68.88 days by December 31, 2023. However, there was a slight decrease to 65.85 days by December 31, 2024.

The increase in DOH over the period indicates that Hubbell Inc may be carrying more inventory relative to its sales, which could tie up capital and lead to higher carrying costs. This trend may be a signal of inefficient inventory management or challenges in forecasting demand accurately. Hubbell Inc may need to assess its inventory management strategies to optimize its inventory levels and improve efficiency in its operations.