NV5 Global Inc (NVEE)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | |
| DOH | days | — | — | — | — | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) ratio for NV5 Global Inc is not provided in the table for the years 2019 to 2023. Days of inventory on hand is a key financial ratio that indicates how long a company takes to turn its inventory into sales.
The lack of data for this ratio in the table makes it challenging to assess the efficiency of NV5 Global Inc's inventory management over the past years. A decreasing trend in DOH would typically indicate improved inventory turnover and more efficient management, while an increasing trend could suggest inventory management issues such as overstocking or slow-moving inventory.
To provide a more thorough analysis of NV5 Global Inc's inventory management performance, additional data for the days of inventory on hand ratio across the years would be needed. This ratio helps in evaluating the company's ability to manage its inventory levels effectively and optimize working capital efficiency.
Peer comparison
Dec 31, 2023