Pitney Bowes Inc (PBI)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 15.05 | 3.47 | 29.35 | 31.87 | 32.97 | |
| DOH | days | 24.25 | 105.06 | 12.43 | 11.45 | 11.07 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 15.05
= 24.25
The days of inventory on hand (DOH) for Pitney Bowes Inc have shown a consistent trend over the years. As of December 31, 2020, the company had 11.07 days of inventory on hand, which increased to 11.45 days by December 31, 2021. There was a further increase to 12.43 days by December 31, 2022.
However, there was a significant spike in the DOH to 105.06 days as of December 31, 2023, which may indicate potential issues with managing inventory efficiently during that period. It is important for the company to investigate and address the reasons behind this sudden increase to ensure optimal inventory management practices.
By December 31, 2024, the DOH decreased to 24.25 days, showing some improvement compared to the previous year but still higher than the levels observed in earlier years. Pitney Bowes Inc should continue monitoring its inventory levels closely to strike a balance between ensuring product availability for customers and optimizing inventory turnover to improve overall operational efficiency.