Hubbell Inc (HUBB)

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		5.54	5.53	5.43	5.42	5.30	5.51	5.49	5.58	5.84	5.71	5.78	5.84	6.17	5.76	6.15	6.02	7.07	6.45	6.36	6.77
DOH	days	65.85	66.03	67.25	67.39	68.88	66.27	66.46	65.45	62.51	63.91	63.12	62.54	59.13	63.32	59.31	60.65	51.66	56.61	57.43	53.89

December 31, 2024 calculation

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

Hubbell Inc's Days of Inventory on Hand (DOH) has shown some fluctuation over the past few years. The DOH increased from 53.89 days as of March 31, 2020, peaking at 68.88 days as of December 31, 2023. Subsequently, there was a slight decrease in DOH to 65.85 days as of December 31, 2024.

The increasing trend in DOH indicates that Hubbell Inc may be taking longer to sell its inventory, which could lead to higher carrying costs and potential obsolescence risks. Conversely, the decrease in DOH towards the end of the period may suggest improvements in inventory management efficiency.

Overall, it would be advisable for Hubbell Inc to monitor its inventory levels closely, optimize inventory turnover, and strive for a balance between stocking enough inventory to meet demand and minimizing excess inventory holding costs.