Itron Inc (ITRI)

Days of inventory on hand (DOH)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Inventory turnover 7.24 6.47 7.06 10.85 10.58
DOH days 50.39 56.42 51.70 33.63 34.49

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.24
= 50.39

The days of inventory on hand (DOH) for Itron Inc has shown some fluctuations over the past five years. In 2020, the company had 34.49 days of inventory on hand, which slightly decreased to 33.63 days in 2021. However, there was a significant increase in DOH in 2022, reaching 51.70 days, and continued to rise to 56.42 days in 2023. Subsequently, in 2024, the DOH decreased to 50.39 days.

This trend suggests that Itron Inc had been holding inventory for a longer period in 2022 and 2023, which could indicate potential challenges in inventory management efficiency. However, the improvement seen in 2024 shows a positive sign in inventory turnover. Further analysis of the company's inventory management strategies and supply chain efficiency may be warranted to understand the factors contributing to these fluctuations in DOH.