Iridium Communications Inc (IRDM)
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 | 2.16 | 2.04 | 1.81 | 1.55 | 1.59 | 2.07 | 2.62 | 3.69 | 3.15 | 2.97 | 3.97 | 3.74 | 3.51 | 4.34 | 3.40 | 3.11 | 2.82 | 2.71 | 2.48 | 2.46 | |
| DOH | days | 169.26 | 178.54 | 201.93 | 235.65 | 229.08 | 175.92 | 139.06 | 98.97 | 116.05 | 122.93 | 92.04 | 97.69 | 103.86 | 84.09 | 107.29 | 117.32 | 129.49 | 134.52 | 147.02 | 148.66 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.16
= 169.26
The Days of Inventory on Hand (DOH) for Iridium Communications Inc have fluctuated over the specified period. The trend shows a gradual decrease in DOH from March 2020 to September 2021, indicating a more efficient management of inventory levels. During this period, the company was able to reduce the number of days it held inventory on hand.
However, from September 2021 to March 2024, there was a notable increase in DOH, reaching a peak of 235.65 days by March 2024. This suggests that Iridium Communications Inc has been holding onto inventory for a longer period, which may signify potential issues such as overstocking, slow-moving inventory, or inefficiencies in inventory management.
Subsequently, there was a decrease in DOH by December 2024, but it remained relatively high compared to previous years. It is important for the company to closely monitor and optimize its inventory management practices to ensure a balance between meeting demand and minimizing holding costs. Overall, the fluctuations in DOH highlight the importance of effectively managing inventory levels to maintain operational efficiency and financial health.
Peer comparison
Dec 31, 2024