Lincoln Electric Holdings Inc (LECO)
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 | 5.88 | 4.98 | 4.17 | 3.87 | 3.73 | 3.84 | 3.66 | 3.76 | 4.01 | 3.93 | 4.13 | 4.38 | 4.68 | 4.58 | 4.44 | 4.92 | 5.07 | 4.85 | 5.00 | 5.32 | |
| DOH | days | 62.09 | 73.25 | 87.48 | 94.43 | 97.92 | 95.02 | 99.66 | 96.95 | 91.00 | 92.99 | 88.34 | 83.29 | 78.00 | 79.68 | 82.21 | 74.18 | 72.01 | 75.26 | 73.07 | 68.58 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.88
= 62.09
The days of inventory on hand (DOH) for Lincoln Electric Holdings, Inc. have shown some fluctuations over the past eight quarters. In Q4 2023, the DOH decreased to 75.36 days from 83.97 days in the previous quarter, indicating a more efficient management of inventory. However, compared to the same quarter in the previous year, the current DOH remains lower than the 97.92 days reported in Q4 2022.
Overall, the trend in recent quarters suggests a varying level of efficiency in managing inventory. It is important for the company to continue monitoring and optimizing its inventory levels to ensure effective utilization of resources and to balance the costs associated with holding excess inventory.
Peer comparison
Dec 31, 2023