IDEX Corporation (IEX)

Days of inventory on hand (DOH)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Inventory turnover 4.24 4.34 3.73 4.16 4.57
DOH days 86.01 84.07 97.94 87.77 79.91

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.24
= 86.01

The days of inventory on hand (DOH) for IDEX Corporation has shown fluctuations over the past five years. In December 2020, the DOH stood at 79.91 days and increased steadily to 97.94 days by December 2022. Subsequently, there was a decrease to 84.07 days by December 2023 and a slight rise to 86.01 days by December 2024. Overall, the company's DOH indicates the number of days it takes for inventory to be converted into sales, reflecting its inventory management efficiency and liquidity position. It is essential for IDEX Corporation to actively monitor and optimize its inventory turnover to ensure optimal utilization of resources and maintain a healthy balance between carrying costs and sales requirements.