nVent Electric PLC (NVT)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.99 | 4.35 | 5.23 | 4.72 | 5.31 | |
| DOH | days | 73.18 | 83.83 | 69.83 | 77.29 | 68.72 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.99
= 73.18
nVent Electric PLC's Days of Inventory on Hand (DOH) has exhibited some fluctuation over the past five years.
- As of December 31, 2020, the company had an inventory turnover rate of 68.72 days, which signifies that, on average, it took around 68.72 days for the company to sell its entire inventory.
- By December 31, 2021, nVent Electric PLC's DOH had increased to 77.29 days, indicating a slight slowdown in inventory turnover compared to the previous year.
- The DOH figure decreased to 69.83 days as of December 31, 2022, reflecting a more efficient management of inventory levels during that period.
- However, the trend reversed by December 31, 2023, with nVent Electric PLC reporting a DOH of 83.83 days, suggesting a longer period for converting inventory into sales.
- As of December 31, 2024, the DOH improved to 73.18 days, but remained higher compared to the levels seen in 2022.
Overall, the variability in nVent Electric PLC's DOH figures indicates changes in inventory management efficiency over the years. Further analysis might be required to assess the reasons behind these fluctuations and their impact on the company's working capital and profitability.
Peer comparison
Dec 31, 2024