Pentair PLC (PNR)

Days of inventory on hand (DOH)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	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	Jun 30, 2019	Mar 31, 2019
Inventory turnover		4.10	4.10	3.97	3.85	3.84	3.71	4.06	4.14	4.62	4.85	5.04	5.13	5.03	4.80	4.71	4.87	5.05	4.86	4.81	4.48
DOH	days	89.11	88.95	91.90	94.74	94.96	98.29	89.98	88.23	79.09	75.23	72.44	71.10	72.63	76.02	77.55	74.96	72.28	75.09	75.96	81.40

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.10
= 89.11

The days of inventory on hand (DOH) for Pentair plc has shown a fluctuating trend over the past eight quarters, ranging from 93.48 days to 104.58 days. In the most recent quarter, Q4 2023, Pentair managed to reduce its DOH to 95.68 days compared to the previous three quarters. This could indicate a more efficient management of inventory levels. However, the DOH has remained relatively high over the past two years, suggesting that Pentair may still be carrying excess inventory. Further analysis is needed to understand the impact of inventory management on the company's overall operational efficiency and profitability.

Peer comparison

Dec 31, 2023

Company name

Symbol

DOH

Pentair PLC

PNR

89.11

John Bean Technologies Corporation