IDEX Corporation (IEX)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.34 | 4.12 | 3.81 | 3.64 | 3.73 | 3.71 | 3.60 | 3.71 | 4.16 | 4.20 | 3.93 | 4.47 | 4.57 | 4.36 | 4.09 | 3.97 | 4.67 | 4.52 | 4.56 | 4.59 | |
| DOH | days | 84.07 | 88.60 | 95.80 | 100.38 | 97.94 | 98.30 | 101.26 | 98.40 | 87.77 | 86.97 | 92.91 | 81.69 | 79.91 | 83.77 | 89.15 | 91.83 | 78.21 | 80.81 | 80.12 | 79.57 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.34
= 84.07
The days of inventory on hand (DOH) for Idex Corporation have shown a slight decrease from Q1 2022 to Q4 2023, indicating an improvement in the management of inventory levels. The company has been able to reduce the number of days it takes to sell its inventory, which is a positive sign of efficiency in inventory management.
Despite fluctuations in DOH over the past few quarters, the trend seems to be moving towards a more optimal level. This downward trend suggests that Idex Corporation may be effectively managing its inventory levels to align with sales demand. Maintaining a healthy balance in inventory management is crucial for optimizing working capital and minimizing carrying costs.
Overall, the decreasing trend in DOH for Idex Corporation indicates that the company is making progress in streamlining its operations and improving inventory turnover efficiency, which can positively impact its financial performance and profitability in the long term.
Peer comparison
Dec 31, 2023