Masco Corporation (MAS)
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 | 6.93 | 6.47 | 6.18 | 6.19 | 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 | |
| DOH | days | 52.70 | 56.39 | 59.11 | 58.95 | 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 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.93
= 52.70
The Days of Inventory on Hand (DOH) for Masco Corporation has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The DOH measures the number of days it takes for a company to turn its inventory into sales, indicating how efficiently the company manages its inventory.
From March 2020 to December 2023, the DOH generally increased, reaching its peak at 67.07 days on March 31, 2022. This increasing trend suggests that Masco Corporation may have been facing challenges in managing its inventory efficiently and converting it into sales promptly.
However, there was a slight decrease in DOH from March 2023 to December 2024. This indicates that Masco may have taken steps to streamline its inventory management processes, resulting in a more efficient conversion of inventory into sales.
Overall, the downward trend in DOH from 67.07 days in March 2022 to 52.70 days in December 2024 is a positive sign as it signifies improvement in inventory management efficiency. Masco Corporation may have implemented better inventory control measures or adjusted its production and sales strategies to reduce excess inventory levels and optimize working capital utilization.
Peer comparison
Dec 31, 2024