LCI Industries (LCII)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.88 | 3.92 | 3.82 | 3.13 | 4.23 | |
| DOH | days | 93.96 | 93.22 | 95.54 | 116.63 | 86.25 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.88
= 93.96
The days of inventory on hand (DOH) for LCI Industries have exhibited fluctuations over the past five years from December 31, 2020, to December 31, 2024. The trend shows an increase from 86.25 days in 2020 to 116.63 days in 2021, reflecting a significant rise in the time it takes for the company to turn its inventory into sales.
Subsequently, there was a reduction in DOH to 95.54 days by the end of 2022, possibly indicating improved inventory management practices. However, there was a slight increase in DOH to 93.22 days in 2023 and a further rise to 93.96 days in 2024.
Overall, the DOH metric suggests that the company may have experienced challenges in efficiently managing its inventory levels, particularly in 2021. While there were signs of improvement in 2022, the relatively high DOH values in 2023 and 2024 indicate that LCI Industries may need to focus on optimizing its inventory turnover to enhance operational efficiency and profitability in the future.
Peer comparison
Dec 31, 2024