Itron Inc (ITRI)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 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 | 9.51 | 9.23 | 9.16 | 9.38 | |
| DOH | days | 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 | 38.37 | 39.55 | 39.86 | 38.91 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.47
= 56.42
The days of inventory on hand (DOH) for Itron Inc. have shown a fluctuating trend over the past quarters. In the most recent quarter, Q4 2023, the DOH was 70.94 days, slightly lower than the previous quarter at 71.69 days. However, compared to the same quarter in the previous year, Q4 2022, the DOH has increased, indicating a longer period for the company to sell its inventory.
Throughout 2023, there has been a general uptrend in DOH, reaching its peak at 76.11 days in Q1 2023. This suggests that Itron Inc. may be carrying excess inventory or experiencing difficulties in selling their products efficiently. In contrast, the DOH was lowest in Q1 2022 at 44.78 days, showing a significant increase in inventory holding period over the year.
Overall, the company should closely monitor and manage its inventory levels to optimize its working capital and improve operational efficiency. An increasing DOH can tie up capital and lead to higher carrying costs, potentially impacting profitability and cash flow.
Peer comparison
Dec 31, 2023