Jacobs Solutions Inc. (J)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 2,561.73 | 10,556.15 | 4,661.35 | 10.08 | |
| DOH | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.14 | 0.03 | 0.08 | 36.23 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
Based on the data provided, Jacobs Solutions Inc. has exhibited varying levels of efficiency in managing its inventory over the past few quarters. The Days of Inventory on Hand (DOH) fluctuated significantly, ranging from 0.03 days to 36.23 days.
In the most recent quarter, the company improved its inventory management significantly, with only 0.14 days of inventory on hand, indicating a quick turnover of inventory. This suggests efficient inventory control and potentially lower carrying costs.
However, quarter-ended December 31, 2019, showed a relatively high DOH of 36.23 days, signaling a slower inventory turnover rate. This might have implications for cash flow as excess inventory ties up working capital and may lead to potential obsolescence.
Overall, Jacobs Solutions Inc. should aim to consistently maintain a lower DOH to ensure optimal inventory management, improved liquidity, and reduced risks associated with inventory holding costs and obsolescence. Regular monitoring and adjustment of inventory levels are essential to achieving operational efficiency and financial stability.
Peer comparison
Dec 31, 2023