Mueller Industries Inc (MLI)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.89 | 6.40 | 6.38 | 6.83 | 6.24 | |
| DOH | days | 61.94 | 57.03 | 57.19 | 53.43 | 58.48 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.89
= 61.94
The days of inventory on hand (DOH) for Mueller Industries Inc has shown some fluctuations over the past five years. From December 31, 2020, to December 31, 2021, the DOH decreased from 58.48 days to 53.43 days, indicating a more efficient management of inventory during that period. However, from December 31, 2021, to December 31, 2022, the DOH slightly increased to 57.19 days, suggesting a build-up in inventory relative to sales.
Subsequently, there was a marginal decline in DOH to 57.03 days by December 31, 2023, showcasing a modest improvement in inventory turnover efficiency. However, by December 31, 2024, the DOH rose to 61.94 days, indicating that the company may be holding inventory levels higher than necessary.
Overall, the trend in DOH for Mueller Industries Inc over the past five years shows some inconsistency in managing inventory levels. It would be important for the company to monitor and adjust its inventory management practices to ensure optimal balance between stocking enough inventory to meet demand and avoiding excess inventory holding costs.
Peer comparison
Dec 31, 2024