MasTec Inc (MTZ)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 112.73 | 83.75 | 83.08 | 66.87 | 64.40 | |
| DOH | days | 3.24 | 4.36 | 4.39 | 5.46 | 5.67 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 112.73
= 3.24
MasTec Inc's days of inventory on hand (DOH) has shown a decreasing trend over the past five years, indicating an improvement in inventory management efficiency. In 2023, MasTec Inc had an average of 3.24 days of inventory on hand, compared to 4.36 days in 2022, 4.39 days in 2021, 5.46 days in 2020, and 5.67 days in 2019. This suggests that the company is holding less inventory on hand in relation to its sales, which can lead to lower carrying costs, reduced risk of obsolescence, and improved cash flow. The decreasing trend in DOH reflects positively on MasTec Inc's operational efficiency and effectiveness in managing its inventory levels.
Peer comparison
Dec 31, 2023