Leggett & Platt Incorporated (LEG)
Days of inventory on hand (DOH)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 5.05 | 4.90 | 4.97 | 4.71 | 4.74 | 4.72 | 4.71 | 4.60 | 4.59 | 4.36 | 4.14 | 4.00 | 4.06 | 4.01 | 4.22 | 4.32 | 5.25 | 5.70 | 5.85 | 5.50 | |
| DOH | days | 72.33 | 74.45 | 73.50 | 77.42 | 76.93 | 77.32 | 77.42 | 79.28 | 79.44 | 83.78 | 88.16 | 91.19 | 89.86 | 91.03 | 86.51 | 84.43 | 69.59 | 64.06 | 62.41 | 66.41 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.05
= 72.33
The days of inventory on hand (DOH) for Leggett & Platt Incorporated has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The company's inventory turnover efficiency was relatively stable in the early quarters, ranging from around 60 to 70 days. However, there was a noticeable increase in DOH in the later quarters, reaching a peak of 91.19 days on March 31, 2022.
Subsequently, the DOH started to decline, indicating a potential improvement in inventory management efficiency. As of December 31, 2024, the DOH stood at 72.33 days, suggesting that the company was able to reduce the amount of time it takes to sell its inventory compared to the previous periods. Overall, the trend in DOH reflects some variability but, more recently, a positive direction in terms of inventory turnover for Leggett & Platt Incorporated.
Peer comparison
Dec 31, 2024