Quanex Building Products (NX)
Days of inventory on hand (DOH)
Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Inventory turnover | 4.31 | 9.66 | 9.55 | 9.08 | 10.19 | 8.33 | 7.96 | 7.45 | 7.88 | 6.80 | 6.97 | 7.39 | 8.99 | 8.49 | 9.16 | 8.91 | 10.77 | 10.21 | 8.95 | 8.88 | |
DOH | days | 84.64 | 37.79 | 38.21 | 40.22 | 35.83 | 43.82 | 45.83 | 49.01 | 46.30 | 53.69 | 52.40 | 49.42 | 40.62 | 42.98 | 39.83 | 40.97 | 33.90 | 35.75 | 40.80 | 41.13 |
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 fluctuating trends over the past few years. In general, a lower DOH indicates that the company is efficiently managing its inventory and turning over its stock quickly.
From Oct 2020 to Jul 2021, the DOH was relatively stable between 33.90 days and 42.98 days, suggesting consistent inventory management. However, from Jul 2021 to Oct 2022, there was an increasing trend in DOH, peaking at 53.69 days in Jul 2022. This increase may indicate potential issues with inventory management efficiency during this period.
Subsequently, from Oct 2022 to Apr 2024, there was a significant improvement in inventory management as the DOH decreased to a range of 37.79 days to 38.21 days. This decrease suggests that Quanex Building Products was able to reduce excess inventory and optimize its stock levels effectively.
However, in the most recent period leading up to Oct 2024, the DOH increased to 84.64 days, which is notably higher compared to the previous periods. This sudden spike in DOH may raise concerns about potential challenges in inventory turnover efficiency during this period.
Overall, the analysis of Quanex Building Products' days of inventory on hand indicates varying levels of inventory management effectiveness over time, with the recent increase in DOH warranting further investigation into the company's inventory practices and performance factors.
Peer comparison
Oct 31, 2024