Quanta Services Inc (PWR)

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 112.69 112.83 111.46 104.96 157.38 161.87 153.82 144.47 145.94 182.39 176.45 206.20 210.08 197.75 170.52 170.58 154.32 128.79 121.17 99.54
DOH days 3.24 3.23 3.27 3.48 2.32 2.25 2.37 2.53 2.50 2.00 2.07 1.77 1.74 1.85 2.14 2.14 2.37 2.83 3.01 3.67

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 112.69
= 3.24

Quanta Services, Inc.'s days of inventory on hand (DOH) has shown a slight upward trend over the past four quarters, increasing from 2.59 days in Q4 2022 to 3.88 days in Q1 2023. This indicates that the company is holding onto its inventory for a slightly longer period before it is sold or used in production. However, the DOH figures are still relatively low, suggesting efficient management of inventory levels. Fluctuations in DOH could be influenced by factors such as changes in demand, supplier lead times, or production efficiencies. Overall, a detailed analysis of Quanta Services, Inc.'s operations and industry dynamics would be necessary to fully interpret the implications of the changes in days of inventory on hand.


Peer comparison

Dec 31, 2023

Company name
Symbol
DOH
Quanta Services Inc
PWR
3.24
Comfort Systems USA Inc
FIX
5.67
EMCOR Group Inc
EME
3.85