MDU Resources Group Inc (MDU)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 26.39 | 46.17 | 15.04 | 13.81 | 15.40 | |
| DOH | days | 13.83 | 7.90 | 24.27 | 26.42 | 23.69 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 26.39
= 13.83
MDU Resources Group Inc's days of inventory on hand (DOH) has fluctuated over the years based on the provided data. The company managed an average of 23.69 days of inventory on hand as of December 31, 2020. This number increased to 26.42 days by the end of December 31, 2021, indicating a potentially slower rate of inventory turnover. In the following year, the DOH decreased slightly to 24.27 days as of December 31, 2022.
Notably, there was a significant drop in the DOH to just 7.90 days as of December 31, 2023, suggesting a more efficient management of inventory levels or possibly an increase in sales volume relative to stock levels. However, this figure increased to 13.83 days by December 31, 2024, indicating a potential build-up of inventory.
Overall, the fluctuation in MDU Resources Group Inc's DOH suggests varying strategies in managing inventory levels, with a notable improvement in inventory turnover efficiency apparent in 2023 which was not sustained in the following year. Further analysis is required to assess the impact of these changes on the company's operations and profitability.
Peer comparison
Dec 31, 2024