Insteel Industries Inc (IIIN)
Days of inventory on hand (DOH)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.40 | 5.65 | 3.18 | 5.93 | 6.04 | |
| DOH | days | 67.62 | 64.59 | 114.60 | 61.51 | 60.39 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.40
= 67.62
The days of inventory on hand (DOH) for Insteel Industries Inc have fluctuated over the past five years. In 2024, the company held inventory for an average of 67.62 days, showing a slight increase from the previous year's 64.59 days. This suggests that the company may be holding inventory for a slightly longer period, potentially indicating slower inventory turnover.
Comparing to 2022 where the DOH was significantly higher at 114.60 days, it is evident that the company has made improvements in managing its inventory levels more efficiently in the current year.
In 2021 and 2020, the DOH was relatively stable at 61.51 days and 60.39 days, respectively. This stability indicates that the company has been consistent in managing its inventory turnover during those years.
Overall, although there has been a recent increase in DOH, Insteel Industries Inc has shown some improvements in inventory management compared to 2022, although it will be important to monitor this ratio closely to ensure efficient inventory turnover in the future.
Peer comparison
Sep 30, 2024