Middleby Corp (MIDD)
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 | 2.90 | 2.71 | 2.69 | 2.64 | 2.69 | 2.48 | 2.35 | 2.28 | 2.40 | 2.35 | 2.36 | 2.42 | 2.46 | 2.88 | 3.08 | 2.94 | 3.02 | 2.97 | 2.79 | 2.97 | |
| DOH | days | 125.97 | 134.75 | 135.88 | 138.31 | 135.50 | 146.88 | 155.27 | 159.74 | 152.10 | 155.43 | 154.36 | 150.83 | 148.67 | 126.57 | 118.64 | 124.32 | 120.87 | 122.89 | 130.79 | 122.83 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.90
= 125.97
The days of inventory on hand (DOH) for Middleby Corp have shown some fluctuation over the past few years. From December 31, 2021, to March 31, 2022, there was a significant increase in DOH from 148.67 days to 150.83 days. This trend continued into the following quarters, with the DOH peaking at 159.74 days on March 31, 2023.
Subsequently, there was a slight decrease in DOH to 135.50 days by December 31, 2023. The following quarters saw further improvements with a decrease to 125.97 days on December 31, 2024. Overall, it appears that Middleby Corp has managed to reduce its days of inventory on hand, indicating more efficient inventory management practices by the company.
Peer comparison
Dec 31, 2024