John Bean Technologies Corporation (JBT)
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 | 2.57 | 2.19 | 2.12 | 1.45 | 1.89 | 1.37 | 1.56 | 1.66 | 1.94 | 1.95 | 2.06 | 2.05 | 2.05 | 3.00 | 3.93 | 4.88 | 5.50 | 5.11 | 5.20 | 6.04 | |
| DOH | days | 142.11 | 166.49 | 172.19 | 252.44 | 193.07 | 265.48 | 234.59 | 219.45 | 187.96 | 187.40 | 176.83 | 178.00 | 177.73 | 121.80 | 92.78 | 74.83 | 66.36 | 71.45 | 70.21 | 60.48 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.57
= 142.11
The days of inventory on hand (DOH) for John Bean Technologies Corp has shown some fluctuations over the past eight quarters. In Q4 2023, the DOH was relatively high at 80.84 days, indicating that the company holds inventory for an extended period before it is sold. This was an increase from the previous quarter's DOH of 61.54 days in Q3 2023.
Looking back further, Q2 2023 and Q1 2023 also showed lower DOH figures of 58.48 days and 80.78 days respectively, suggesting fluctuations in inventory management practices during those periods. Q4 2022 had a DOH of 76.01 days, demonstrating a similar trend to Q4 2023.
Comparing these figures to Q3 and Q2 of 2022, where the DOH was 85.95 days and 77.24 days respectively, a downward trend can be observed in inventory management efficiency during those quarters. However, the DOH improved in Q1 2022 with a figure of 74.70 days.
Overall, there is variation in John Bean Technologies Corp's DOH over the past eight quarters, reflecting changes in inventory management and sales patterns. It is important for the company to closely monitor and optimize its inventory holding periods to ensure cost efficiency and timely product delivery.
Peer comparison
Dec 31, 2023