Installed Building Products Inc (IBP)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 10.00 | 11.35 | 10.43 | 9.64 | 14.81 | |
| DOH | days | 36.49 | 32.16 | 35.00 | 37.86 | 24.64 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 10.00
= 36.49
Installed Building Products Inc's days of inventory on hand (DOH) has shown a fluctuating trend over the period from December 31, 2020, to December 31, 2024. The DOH increased from 24.64 days in December 2020 to 37.86 days in December 2021, indicating that the company held inventory for a longer period before selling it.
Subsequently, there was a slight decrease to 35.00 days in December 2022, followed by a further reduction to 32.16 days in December 2023. This downward trend suggests that Installed Building Products Inc managed its inventory more efficiently, reducing the number of days it takes to sell its inventory.
However, there was a slight increase to 36.49 days in December 2024, which may indicate a slowdown in inventory turnover. Overall, analyzing the DOH trend can provide insights into the company's inventory management efficiency and its ability to balance inventory levels to meet demand effectively.
Peer comparison
Dec 31, 2024