Enpro Industries (NPO)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 7.35 | 7.27 | 8.10 | 8.13 | 7.64 | |
| DOH | days | 49.65 | 50.21 | 45.07 | 44.91 | 47.80 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.35
= 49.65
The days of inventory on hand (DOH) for Enpro Inc have remained relatively stable over the past five years. In 2023, the company held inventory for an average of 82.29 days, slightly higher than the 82.03 days in 2022. The DOH in 2021 was 82.81 days, which was also consistent with the previous years. Notably, there was a gradual increase from 2019 to 2021 in the days of inventory on hand.
Comparing to 2020 and 2019, there was a significant increase in DOH in 2021 and later years. This suggests that Enpro Inc may have been holding more inventory for a longer period, which could tie up more capital and potentially increase carrying costs. Overall, the trend in DOH indicates that Enpro Inc has been maintaining its inventory levels consistently over the past few years, without significant fluctuations.