Mueller Industries Inc (MLI)
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 | 5.89 | 6.50 | 6.05 | 6.65 | 6.42 | 6.43 | 5.62 | 6.24 | 6.44 | 6.59 | 6.43 | 6.39 | 6.83 | 6.82 | 6.55 | 5.82 | 6.24 | 6.86 | 7.66 | 7.53 | |
| DOH | days | 61.94 | 56.15 | 60.31 | 54.90 | 56.82 | 56.79 | 64.94 | 58.53 | 56.70 | 55.38 | 56.75 | 57.13 | 53.43 | 53.52 | 55.71 | 62.75 | 58.48 | 53.18 | 47.65 | 48.50 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.89
= 61.94
The days of inventory on hand (DOH) for Mueller Industries Inc have fluctuated over the past few years, ranging from a low of 47.65 days on June 30, 2020, to a high of 64.94 days on June 30, 2023. Generally, a lower DOH indicates that the company is selling its inventory more quickly, while a higher DOH suggests that the company may be holding excess inventory.
In analyzing the trend, we can observe that there was a gradual increase in DOH from March 31, 2020, to March 31, 2021, followed by some fluctuations until December 31, 2022. From March 31, 2023, to June 30, 2024, there was another significant increase in DOH, peaking at 64.94 days on June 30, 2023. This may indicate potential inefficiencies in the management of inventory during this period.
It is essential for Mueller Industries Inc to monitor and manage its inventory levels effectively to optimize working capital, minimize carrying costs, and ensure timely fulfillment of customer orders. Analyzing and improving the DOH metric can help the company enhance its operational efficiency and profitability in the long run.
Peer comparison
Dec 31, 2024