MasTec Inc (MTZ)
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 | 102.03 | 109.24 | 103.05 | 97.28 | 99.54 | 80.05 | 63.26 | 55.86 | 72.78 | 58.87 | 59.61 | 69.27 | 73.50 | 71.57 | 67.45 | 59.98 | 58.80 | 62.93 | 54.27 | 56.15 | |
| DOH | days | 3.58 | 3.34 | 3.54 | 3.75 | 3.67 | 4.56 | 5.77 | 6.53 | 5.01 | 6.20 | 6.12 | 5.27 | 4.97 | 5.10 | 5.41 | 6.09 | 6.21 | 5.80 | 6.73 | 6.50 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 102.03
= 3.58
The days of inventory on hand (DOH) for MasTec Inc have shown fluctuating trends over the years. From March 31, 2020, to June 30, 2021, the DOH remained relatively stable, ranging between 5.41 days to 6.73 days. This stability indicates effective inventory management during this period.
Starting from September 30, 2021, to December 31, 2024, there was a significant downward trend in the DOH, reaching as low as 3.34 days on September 30, 2024. This downward trend suggests that MasTec Inc has been improving its inventory turnover and efficiency in managing its inventory levels.
The decreasing trend in DOH indicates that MasTec Inc is either selling its inventory more quickly or managing its inventory levels more efficiently, which can lead to lower holding costs and possibly increased liquidity. However, it is essential for the company to ensure that this decline in DOH does not lead to stockouts or operational disruptions. Monitoring inventory turnover and demand forecasting will be critical for maintaining optimal inventory levels in the future.
Peer comparison
Dec 31, 2024