Powell Industries Inc (POWL)
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 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 9.60 | 9.22 | 8.85 | 9.65 | 9.87 | 9.14 | 9.67 | 9.70 | 10.28 | 10.09 | 10.86 | 12.91 | 15.52 | 15.78 | 14.87 | 16.15 | 17.02 | 16.51 | 17.29 | 15.98 | |
| DOH | days | 38.03 | 39.58 | 41.26 | 37.82 | 36.97 | 39.94 | 37.74 | 37.62 | 35.50 | 36.18 | 33.62 | 28.28 | 23.52 | 23.12 | 24.55 | 22.60 | 21.44 | 22.10 | 21.11 | 22.84 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.60
= 38.03
The days of inventory on hand (DOH) for Powell Industries Inc have shown some fluctuation over the past few years. The trend indicates that the company has been holding onto inventory for durations ranging from 21.11 days to 41.26 days.
In more recent periods, there appears to be an increasing trend in DOH, with figures ranging from 35.50 days to 41.26 days. This suggests that Powell Industries Inc may be taking longer to sell its inventory, which could potentially tie up working capital and lead to increased holding costs.
On the other hand, there are certain periods, such as in Dec 2021 and March 2021, where the DOH was notably lower, indicating more efficient management of inventory during those times. It would be advisable for the company to analyze the reasons behind the fluctuations in DOH and take necessary steps to optimize inventory levels to improve operational efficiency and liquidity.
Peer comparison
Sep 30, 2024