MasTec Inc (MTZ)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 99.46 | 103.65 | 72.78 | 73.50 | 58.80 | |
| DOH | days | 3.67 | 3.52 | 5.01 | 4.97 | 6.21 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 99.46
= 3.67
Based on the data provided, MasTec Inc's days of inventory on hand (DOH) has shown a declining trend over the period from December 31, 2020, to December 31, 2024.
On December 31, 2020, the company had an average of 6.21 days of inventory on hand, which decreased to 4.97 days by December 31, 2021. The trend continued to decrease slightly to 5.01 days on December 31, 2022.
The most significant drop occurred by December 31, 2023, where MasTec Inc's DOH reduced to 3.52 days, indicating the company's ability to efficiently manage its inventory levels. This trend was maintained on December 31, 2024, with a slight increase to 3.67 days, which is still significantly lower compared to the initial DOH in 2020.
Overall, the decreasing trend in MasTec Inc's days of inventory on hand over the period signals efficient inventory management and potentially improved liquidity due to lower inventory holding costs, allowing the company to adapt to changing market demand more effectively.
Peer comparison
Dec 31, 2024