MasTec Inc (MTZ)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 111.95 | 91.62 | 72.40 | 63.94 | 83.50 | 67.27 | 67.98 | 78.79 | 82.61 | 78.50 | 74.06 | 65.76 | 64.50 | 68.90 | 58.40 | 44.01 | 33.70 | 18.62 | 2.25 | 2.33 | |
| DOH | days | 3.26 | 3.98 | 5.04 | 5.71 | 4.37 | 5.43 | 5.37 | 4.63 | 4.42 | 4.65 | 4.93 | 5.55 | 5.66 | 5.30 | 6.25 | 8.29 | 10.83 | 19.61 | 161.95 | 156.55 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 111.95
= 3.26
MasTec Inc's days of inventory on hand (DOH) has fluctuated over the past few years, with some notable variations. The trend shows a generally decreasing pattern in recent periods, indicating more efficient management of inventory levels.
In the most recent quarter, as of December 31, 2023, MasTec Inc had an inventory turnover of approximately 3.26 days, suggesting the company is able to sell its inventory quickly. This indicates effective inventory management and potentially lower holding costs.
Comparing this figure to previous quarters, there was a slight increase in DOH in the September 30, 2023, quarter followed by a decrease in the December 31, 2022, quarter. However, there was a significant spike in DOH in the fourth quarter of 2019, where the company had an unusually high inventory turnover of 161.95 days. This outlier may indicate potential issues such as overstocking or slow-moving inventory during that period.
Overall, the decreasing trend in DOH over the recent quarters reflects positively on MasTec Inc's ability to efficiently manage its inventory levels. However, the company should continue monitoring its inventory turnover to ensure optimal balance between having enough inventory to meet demand while avoiding excess holding costs.
Peer comparison
Dec 31, 2023