Hexcel Corporation (HXL)

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		4.56	4.29	4.52	4.39	4.58	4.30	4.04	3.99	4.33	4.38	4.84	4.79	5.01	5.12	5.49	6.17	6.93	6.04	5.41	5.17
DOH	days	80.06	85.02	80.82	83.14	79.78	84.91	90.41	91.50	84.27	83.41	75.38	76.27	72.80	71.26	66.53	59.18	52.70	60.43	67.46	70.62

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.56
= 80.06

The days of inventory on hand (DOH) for Hexcel Corporation have shown fluctuations over the period from March 31, 2020, to December 31, 2024.

The trend indicates a decrease in DOH from 70.62 days on March 31, 2020, to 52.70 days on December 31, 2020. This suggests that the company was able to manage its inventory more efficiently during this period.

However, from March 31, 2021, to March 31, 2024, the DOH increased steadily, reaching a peak of 91.50 days on March 31, 2023. This indicates a slowdown in inventory turnover and may raise concerns about overstocking or potential obsolescence.

Although there were fluctuations in DOH, the general trend shows an increase in the days of inventory on hand, signaling a potential need for the company to focus on inventory management strategies to optimize working capital and improve operational efficiency.