ITT Inc (ITT)

Days of inventory on hand (DOH)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Inventory turnover 4.03 3.78 3.87 4.33 4.70
DOH days 90.54 96.53 94.35 84.31 77.60

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.03
= 90.54

To analyze ITT Inc's days of inventory on hand (DOH) over the last five years:

1. In December 31, 2020, ITT Inc held inventory for an average of 77.60 days before being sold or used.
2. By December 31, 2021, the DOH increased to 84.31 days, indicating a slight growth in the time inventory was held.
3. The trend continued with a further increase to 94.35 days by December 31, 2022, suggesting potential inefficiencies in managing inventory turnover.
4. As of December 31, 2023, the DOH rose to 96.53 days, reaching the highest point in the analyzed period, indicating a longer holding period for inventory.
5. However, by December 31, 2024, there was a slight improvement as the DOH decreased to 90.54 days, showing a potential effort to optimize inventory management.

Overall, the increasing trend in days of inventory on hand for ITT Inc from 2020 to 2023 followed by a slight decrease in 2024 may indicate challenges in inventory management efficiency that the company has been addressing.