L3Harris Technologies Inc (LHX)

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		12.17	11.44	10.99	10.22	9.73	8.37	8.46	8.16	9.40	8.87	9.46	11.09	12.67	12.35	14.77	14.16	13.24	14.66	15.37	11.36
DOH	days	29.98	31.91	33.22	35.73	37.51	43.62	43.16	44.71	38.83	41.17	38.58	32.92	28.82	29.56	24.72	25.78	27.56	24.89	23.75	32.13

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 12.17
= 29.98

The days of inventory on hand (DOH) for L3Harris Technologies Inc have shown some fluctuations over the last few years.

From March 31, 2020, to December 31, 2021, the company witnessed a range of DOH figures between 23.75 days to 32.92 days, indicating some variability in managing its inventory levels efficiently during this period.

However, from March 31, 2022, to December 31, 2024, the DOH metric increased consistently from 32.92 days to 29.98 days. This may imply that the company may be carrying more inventory relative to its sales, which could potentially lead to increased holding costs and reduced liquidity.

The DOH figure of 29.98 days as of December 31, 2024, indicates L3Harris Technologies Inc had approximately a one-month supply of inventory on hand. Further monitoring of the DOH trend will be essential to assess the company's inventory management effectiveness and its impact on overall financial performance.