ITT Inc (ITT)

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 4.03 3.73 4.05 3.69 3.78 3.76 3.73 3.69 3.87 3.81 3.64 4.00 4.33 4.58 4.50 4.57 4.70 4.48 4.62 5.00
DOH days 90.54 97.88 90.12 98.88 96.53 97.10 97.93 98.96 94.35 95.80 100.28 91.18 84.31 79.73 81.15 79.93 77.60 81.42 79.01 72.94

December 31, 2024 calculation

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

The days of inventory on hand (DOH) for ITT Inc have fluctuated over the years based on the provided data. The trend shows an increase in inventory holding period from around 72.94 days as of March 31, 2020, to approximately 100.28 days on June 30, 2022. Subsequently, there was a slight decline in DOH, dropping to 90.12 days by June 30, 2024.

The DOH metric indicates how many days, on average, the company holds its inventory before it is sold. A higher DOH can suggest slower inventory turnover and potential issues with inventory management, such as overstocking or slow-moving inventory. Conversely, a lower DOH might indicate efficient inventory management practices.

For ITT Inc, the increasing trend in DOH until mid-2022 followed by a slight drop could imply challenges in optimizing inventory levels efficiently. It would be essential for the company to assess its inventory management strategies to ensure proper balancing of inventory levels to avoid excessive holding costs while meeting customer demand effectively.