Quanex Building Products (NX)
Days of inventory on hand (DOH)
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.31 | 10.19 | 8.96 | 10.39 | 12.48 | |
| DOH | days | 84.64 | 35.83 | 40.72 | 35.12 | 29.24 |
October 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.31
= 84.64
The days of inventory on hand (DOH) for Quanex Building Products has shown fluctuation over the past five years. In 2024, the company had an increased DOH of 84.64 days compared to 35.83 days in 2023. This indicates that Quanex Building Products held inventory for a longer period in 2024, which may imply slower turnover of inventory or possible inventory management challenges.
Comparing to 2022 and 2021, where the DOH was 40.72 days and 35.12 days respectively, the higher DOH in 2024 suggests a relative deterioration in managing inventory levels efficiently. Furthermore, when comparing to 2020 with a DOH of 29.24 days, there has been a consistent trend of increasing DOH over the years, indicating a potential need for the company to optimize inventory management practices to improve efficiency and reduce carrying costs.
Peer comparison
Oct 31, 2024