LCI Industries (LCII)

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		3.92	3.89	3.87	3.89	3.82	3.80	3.59	3.39	3.13	3.91	4.49	4.39	4.23	5.27	5.44	5.35	4.66	5.45	6.15	5.87
DOH	days	93.22	93.86	94.37	93.74	95.54	95.96	101.78	107.68	116.63	93.27	81.23	83.19	86.25	69.24	67.07	68.28	78.41	66.93	59.36	62.17

December 31, 2023 calculation

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

The days of inventory on hand (DOH) for LCI Industries has shown a fluctuating trend over the last eight quarters. In Q4 2023, the company held inventory for approximately 93.22 days, which decreased from the previous quarter. This suggests that the company is managing its inventory more efficiently. Compared to Q1 2022, when the DOH was at its highest of 107.68 days, there has been a decreasing trend in inventory holding period.

Overall, the gradual improvement in DOH indicates that LCI Industries may be becoming more effective in managing its inventory levels and turning its inventory into sales at a faster rate. However, it is important for the company to continue monitoring and optimizing its inventory management practices to ensure efficient operations and profitability.