Oshkosh Corporation (OSK)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.15 | 4.24 | 5.10 | 4.24 | 6.07 | |
| DOH | days | 87.98 | 86.07 | 71.60 | 86.09 | 60.11 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.15
= 87.98
Oshkosh Corp's days of inventory on hand (DOH) has displayed fluctuations in recent years. The DOH increased from 66.42 days in 2019 to 95.79 days in 2020, reflecting a spike in the holding period of inventory. However, there was a slight decrease in 2022 with DOH at 94.21 days. Notably, in 2021, the DOH decreased significantly to 70.99 days, indicating more efficient management of inventory levels.
The latest data for 2023 shows an increase in DOH to 97.53 days, which suggests a potential buildup of inventory or slower sales compared to the prior year. Overall, while fluctuations are observed, it would be advisable for Oshkosh Corp to closely monitor and manage its inventory levels to optimize efficiency and balance between holding costs and meeting customer demand.
Peer comparison
Dec 31, 2023