Mohawk Industries Inc (MHK)
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 | 4.32 | 4.45 | 4.24 | 4.05 | 4.15 | 3.95 | 3.71 | 4.08 | 4.15 | 4.41 | 4.64 | 4.62 | 4.71 | 4.86 | 4.66 | 4.17 | 4.08 | 3.96 | 3.87 | 3.89 | |
| DOH | days | 84.46 | 82.00 | 86.15 | 90.19 | 88.00 | 92.36 | 98.28 | 89.41 | 88.00 | 82.70 | 78.65 | 78.98 | 77.43 | 75.17 | 78.41 | 87.58 | 89.46 | 92.23 | 94.27 | 93.77 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.32
= 84.46
The days of inventory on hand (DOH) for Mohawk Industries, Inc. have shown some fluctuation over the past eight quarters. In Q4 of 2023, the DOH was 110.55 days, which was slightly higher compared to the previous quarter's 107.54 days. This suggests that the company's inventory turnover rate slightly decreased during this period.
Looking at a longer trend, the DOH has generally been decreasing since Q4 of 2022 when it was at 115.96 days. This downward trend indicates that Mohawk Industries has been managing its inventory more efficiently over time. However, the recent increase in Q4 of 2023 compared to the previous quarter raises a concern about the company's inventory management practices.
Overall, while the trend shows improvements in inventory turnover efficiency, the recent increase in DOH in Q4 of 2023 warrants further analysis to understand the underlying factors impacting Mohawk Industries' inventory levels and management.
Peer comparison
Dec 31, 2023