Enpro Industries (NPO)
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 | 4.35 | 4.24 | 4.21 | 4.22 | 4.44 | 4.43 | 4.35 | 4.49 | 4.95 | 5.10 | 4.59 | 4.57 | 4.41 | 4.72 | 4.68 | 4.91 | 5.02 | 5.72 | 5.22 | 5.84 | |
| DOH | days | 83.89 | 86.08 | 86.79 | 86.56 | 82.29 | 82.42 | 83.90 | 81.34 | 73.67 | 71.54 | 79.57 | 79.88 | 82.81 | 77.33 | 77.99 | 74.32 | 72.72 | 63.79 | 69.95 | 62.51 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.35
= 83.89
Days of inventory on hand (DOH) measures the average number of days that inventory is held before being sold. Looking at the trend for Enpro Industries over the past few years, we observe fluctuations in the DOH metric.
- From March 2020 to December 2021, the DOH increased steadily, indicating that Enpro Industries was holding inventory for a longer period before selling it.
- However, from March 2022 to June 2023, there was a slight decrease in the DOH, suggesting a possible improvement in inventory management efficiency.
- In the following quarters, the DOH increased again, reaching its peak at 86.79 days on June 30, 2024. This increase may indicate challenges in managing and selling inventory effectively during that period.
- Subsequently, there was a slight decrease in the DOH by December 2024, though it remained relatively high compared to earlier periods.
Overall, Enpro Industries experienced fluctuations in its DOH, which could be attributed to factors such as changes in demand, production delays, or inventory management strategies. It is important for the company to closely monitor its inventory levels and strive for an optimal balance to improve operational efficiency and financial performance.