Oshkosh Corporation (OSK)

Days of inventory on hand (DOH)

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Inventory turnover		4.15	4.24	4.07	4.15	4.26	4.38	4.27	4.24	4.69	4.97	4.99	5.10	4.12	3.38	3.08	3.15	3.92	4.45	5.13	5.79
DOH	days	88.02	86.05	89.64	87.98	85.63	83.36	85.47	86.00	77.80	73.41	73.10	71.58	88.49	108.08	118.38	116.06	93.20	81.94	71.09	63.02

September 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.15
= 88.02

The days of inventory on hand (DOH) for Oshkosh Corporation have fluctuated over the past few quarters.

In the most recent quarter, as of September 30, 2024, the DOH was 88.02 days, which indicates that, on average, Oshkosh holds inventory for approximately 88 days before it is sold. This is slightly higher compared to the previous quarter.

Looking at the trend over the past few quarters, there seems to be some variability in the DOH metric, with occasional spikes observed in certain quarters. For example, there were significant increases in DOH in the first quarter of 2021 and the second quarter of 2021, where it exceeded 100 days, suggesting potential challenges in managing inventory levels efficiently during those periods.

However, it is worth noting that in the more recent quarters, the DOH has generally been within a narrower range, suggesting some improvement in inventory management. Overall, monitoring and potentially optimizing inventory turnover rates could help Oshkosh Corporation enhance operational efficiency and profitability.