LCI Industries (LCII)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		3.92	3.82	3.13	4.23	4.66
DOH	days	93.22	95.54	116.63	86.25	78.41

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.92
= 93.22

The Days of Inventory on Hand (DOH) for LCI Industries has fluctuated over the past five years. In 2023, the company had 93.22 days of inventory on hand, a decrease from the previous year's 95.54 days. This indicates that LCI Industries was more efficient in managing its inventory in 2023. Comparing 2023 to 2021 and 2020, where the DOH was 116.63 days and 86.25 days respectively, there has been a notable improvement in inventory management efficiency. However, the DOH in 2021 was higher than in the other years, suggesting potential inventory management challenges during that period. In general, a lower DOH implies that the company is selling inventory at a faster rate, which can be a positive indicator of operational efficiency and effective inventory management practices at LCI Industries.