RBC Bearings Incorporated (RBC)
Days of inventory on hand (DOH)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 1.43 | 1.47 | 1.14 | 1.03 | 1.19 | |
| DOH | days | 255.48 | 247.92 | 321.57 | 354.53 | 305.99 |
March 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.43
= 255.48
The days of inventory on hand (DOH) for RBC Bearings Incorporated have fluctuated over the past five years. In the most recent fiscal year ending on March 31, 2024, the company had 255.48 days of inventory on hand, which was higher than the previous year's DOH of 247.92 days. This indicates that RBC Bearings had slightly more efficient inventory management in 2024 compared to 2023.
However, looking back further, we see that in 2022 the DOH was 321.57 days, which was significantly higher than the recent years, suggesting that the company had relatively slower inventory turnover during that period. The trend continued in 2021 with 354.53 days of inventory on hand, indicating a longer time period in which inventory was held by the company.
In contrast, in 2020, the DOH was 305.99 days, showing a slight improvement in inventory turnover compared to 2021. Overall, RBC Bearings has experienced fluctuations in its inventory management efficiency over the past five years, with some years showing more optimized inventory turnover levels than others.
Peer comparison
Mar 31, 2024