Masco Corporation (MAS)
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 | 6.47 | 6.48 | 6.15 | 6.06 | 6.01 | 5.62 | 5.53 | 5.44 | 5.80 | 6.09 | 6.35 | 6.51 | 6.76 | 6.30 | 6.91 | 7.46 | 7.94 | 7.54 | 7.32 | 7.11 | |
| DOH | days | 56.41 | 56.37 | 59.40 | 60.21 | 60.69 | 64.92 | 65.95 | 67.07 | 62.96 | 59.90 | 57.46 | 56.09 | 54.01 | 57.89 | 52.80 | 48.90 | 45.99 | 48.44 | 49.89 | 51.33 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.47
= 56.41
The days of inventory on hand (DOH) for Masco Corp. has shown a slight decrease in the most recent quarter, Q4 2023, compared to the previous quarter. The company's inventory turnover has improved from 72.30 days in Q3 2023 to 72.70 days in Q4 2023, indicating that the company is managing its inventory more efficiently.
Looking at a longer time frame, the trend in DOH has been fluctuating over the past year, with some quarters showing higher DOH figures, such as Q2 2022 and Q1 2022, compared to the most recent quarters. This suggests that the company may have faced challenges in effectively managing its inventory levels in those periods.
Overall, Masco Corp. appears to be making progress in optimizing its inventory management, as indicated by the slight improvement in DOH in the most recent quarter. However, it may benefit from further efforts to streamline its inventory practices to ensure efficient use of resources and maximize profitability.
Peer comparison
Dec 31, 2023