ITT Inc (ITT)
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 | 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 | 4.93 | 4.61 | 4.48 | 4.72 | |
| DOH | days | 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 | 74.06 | 79.10 | 81.53 | 77.35 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.78
= 96.53
The days of inventory on hand (DOH) for ITT Inc have shown some fluctuations over the past eight quarters. In Q4 2023, the DOH was at 96.53 days, slightly lower compared to the previous quarter at 97.10 days. This indicates that the company held inventory for approximately 96.53 days before selling it during this period.
Looking at the trend over the past year, the DOH has ranged from a low of 91.18 days in Q1 2022 to a high of 100.28 days in Q2 2022. This suggests some variability in the company's inventory management efficiency during this time.
Overall, a lower number of days of inventory on hand is generally considered a positive sign as it indicates that the company is efficiently managing its inventory levels. On the other hand, a higher DOH could imply excess inventory, leading to higher carrying costs and potential obsolescence risks.
It would be beneficial for ITT Inc to closely monitor its inventory levels and make adjustments to optimize its inventory turnover in order to enhance operational efficiency and profitability in the long run.
Peer comparison
Dec 31, 2023