IDEX Corporation (IEX)

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 4.24 3.65 4.16 4.24 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
DOH days 86.01 100.11 87.77 86.04 84.07 88.60 95.80 100.38 97.94 98.30 101.25 98.40 87.77 86.97 92.91 81.69 79.91 83.77 89.15 91.83

December 31, 2024 calculation

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

The Days of Inventory on Hand (DOH) for IDEX Corporation has fluctuated over the provided periods. From March 31, 2020, to December 31, 2023, the DOH generally decreased, indicating that the company was effectively managing its inventory levels and able to sell off inventory more quickly.

However, from March 31, 2023, to June 30, 2024, there was an increase in DOH, suggesting a potential buildup of inventory or slower inventory turnover during this period. This could be a concern as higher inventory levels tie up working capital and may indicate a mismatch between production and sales.

Overall, fluctuations in the DOH metric should be further investigated to understand the underlying reasons for the changes and whether they align with the company's overall operational and sales strategies.