Itron Inc (ITRI)

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 7.25 7.03 6.54 6.50 6.47 6.41 6.31 6.25 7.08 8.44 10.20 10.39 10.85 9.90 10.15 10.90 10.58 9.91 9.05 9.66
DOH days 50.37 51.94 55.80 56.12 56.42 56.95 57.83 58.36 51.55 43.25 35.78 35.13 33.65 36.88 35.95 33.47 34.49 36.84 40.34 37.79

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.25
= 50.37

The days of inventory on hand (DOH) for Itron Inc have exhibited some fluctuations over the given period. In March 2020, the DOH stood at 37.79 days, and it slightly increased by June 2020 to 40.34 days before decreasing to 34.49 days by December 2020. Throughout the following quarters, there were minor fluctuations in the DOH, hovering around the mid-30s range.

However, a notable increase in the DOH was observed in the latter half of 2022 and early 2023, with significant jumps in September 2022 (43.25 days), December 2022 (51.55 days), and March 2023 (58.36 days). The DOH remained elevated above 50 days for several quarters, indicating a potential buildup of inventory levels beyond optimal levels.

Subsequently, there was a gradual decline in the DOH from June 2023 to December 2024, suggesting efforts to normalize inventory levels. By December 2024, the DOH had reduced to 50.37 days, signaling a trend towards more optimal inventory management.

Overall, fluctuations in the DOH can reflect changes in inventory management strategies, demand patterns, and production efficiencies within Itron Inc. Monitoring and analyzing the DOH trend can provide insights into the company's inventory control effectiveness and operational performance.