Mohawk Industries Inc (MHK)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.54 | 4.16 | 4.15 | 4.74 | 4.09 | |
| DOH | days | 80.42 | 87.84 | 87.97 | 76.93 | 89.33 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.54
= 80.42
The days of inventory on hand (DOH) for Mohawk Industries, Inc. have shown some fluctuation over the past five years.
In 2023, the DOH decreased to 110.55 days from 115.96 days in 2022. This indicates that the company was able to turn over its inventory more quickly in 2023 compared to the previous year.
Looking back, in 2021, the DOH was 110.06 days, which was slightly higher than in 2023. However, in 2020, the DOH was lower at 98.05 days, suggesting that the company managed its inventory more efficiently that year.
The DOH peaked in 2019 at 114.20 days. This indicates that in 2019, Mohawk Industries took longer to sell its inventory compared to the following years.
Overall, while there have been fluctuations in Mohawk Industries' DOH over the past five years, the trend seems to show some improvement in inventory management efficiency in recent years, particularly in 2023 and 2020. This could be a positive sign of effective inventory control and operational performance.
Peer comparison
Dec 31, 2023