Leggett & Platt Incorporated (LEG)
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 | 5.78 | 5.07 | 4.92 | 4.66 | 4.66 | 4.42 | 4.20 | 4.06 | 4.12 | 4.06 | 4.27 | 4.37 | 4.95 | 5.78 | 5.94 | 5.59 | 5.91 | 5.55 | 5.33 | 5.17 | |
| DOH | days | 63.20 | 72.02 | 74.23 | 78.27 | 78.36 | 82.58 | 86.85 | 89.82 | 88.52 | 89.89 | 85.50 | 83.56 | 73.69 | 63.12 | 61.41 | 65.28 | 61.77 | 65.74 | 68.49 | 70.67 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.78
= 63.20
The days of inventory on hand (DOH) for Leggett & Platt, Inc. have shown a relatively stable trend over the past eight quarters. The average DOH over this period is around 81.48 days.
There was a slight decrease in DOH from Q1 2023 to Q4 2023, indicating that the company managed its inventory more efficiently in the most recent quarter. However, the DOH remains higher than the average, suggesting that there is room for improvement in inventory management to optimize working capital and reduce carrying costs.
Overall, it is advisable for Leggett & Platt, Inc. to continue monitoring and potentially optimizing its inventory management practices to ensure a more efficient use of resources and enhance overall financial performance.
Peer comparison
Dec 31, 2023