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