Enpro Industries (NPO)
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 | 7.58 | 8.10 | 7.87 | 7.58 | 8.26 | 7.82 | 7.06 | 7.07 | 8.10 | 7.65 | 7.66 | 8.09 | 8.12 | 6.48 | 5.27 | 5.42 | 5.23 | 4.91 | 4.40 | 4.48 | |
| DOH | days | 48.14 | 45.06 | 46.37 | 48.15 | 44.17 | 46.66 | 51.73 | 51.66 | 45.07 | 47.74 | 47.64 | 45.14 | 44.97 | 56.34 | 69.22 | 67.36 | 69.72 | 74.40 | 82.99 | 81.40 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.58
= 48.14
The days of inventory on hand (DOH) for Enpro Inc have shown some fluctuations over the past eight quarters. In Q4 2023, the DOH was 82.29 days, representing a slight improvement from the prior quarter's 93.53 days. This suggests that Enpro Inc was able to manage its inventory more efficiently in the most recent quarter. However, compared to the same period in the previous year, the DOH has increased from 82.03 days in Q4 2022.
Overall, Enpro Inc has experienced varying levels of efficiency in managing its inventory over the past eight quarters, with Q2 and Q3 of 2023 showing the highest DOH figures. It is important for the company to consistently monitor and optimize its inventory levels to ensure that it strikes the right balance between carrying costs and stockouts.