Johnson Controls International PLC (JCI)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 12.21 | 6.60 | 6.46 | 6.16 | 9.99 | 8.08 | 8.15 | 8.50 | 9.07 | 9.15 | 9.17 | 9.13 | 10.52 | 10.39 | 10.68 | 11.21 | 12.35 | 11.38 | 11.40 | 11.94 | |
| DOH | days | 29.90 | 55.29 | 56.52 | 59.29 | 36.53 | 45.18 | 44.79 | 42.93 | 40.24 | 39.90 | 39.80 | 39.98 | 34.69 | 35.14 | 34.18 | 32.56 | 29.55 | 32.08 | 32.02 | 30.57 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 12.21
= 29.90
The Days of Inventory on Hand (DOH) for Johnson Controls International PLC have shown some fluctuations over the past several quarters. The trend indicates that the company is holding inventory for shorter periods in recent quarters compared to previous periods.
In the most recent quarter, ending September 30, 2024, the DOH was 29.90 days, suggesting that on average, the company holds inventory for approximately 30 days before it is sold. This is a significant improvement compared to the prior quarter, where the DOH was 55.29 days, indicating a more efficient management of inventory levels.
Looking back over the past few years, the DOH has generally been decreasing, which could imply better inventory management practices by the company. However, it is essential to monitor this metric closely to ensure that inventory levels are optimized to meet customer demand without excessive holding costs or the risk of obsolete inventory.
Overall, the decreasing trend in DOH for Johnson Controls International PLC reflects a potential improvement in inventory turnover and working capital management, which can positively impact the company's financial performance and profitability.
Peer comparison
Sep 30, 2024
See also:
Johnson Controls International PLC Average Inventory Processing Period (Quarterly Data)