RBC Bearings Incorporated (RBC)
Days of inventory on hand (DOH)
| 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 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 1.43 | 1.40 | 1.37 | 1.03 | 0.69 | 0.69 | 0.71 | 0.91 | 1.14 | 0.91 | 1.02 | 1.00 | 1.03 | 1.13 | 1.26 | 1.41 | 1.55 | 1.57 | 1.59 | 1.62 | |
| DOH | days | 255.48 | 260.44 | 266.84 | 353.96 | 531.70 | 531.79 | 515.04 | 400.87 | 321.57 | 402.78 | 357.06 | 364.57 | 354.53 | 322.80 | 288.55 | 258.37 | 234.73 | 232.45 | 229.09 | 224.66 |
March 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.43
= 255.48
The days of inventory on hand (DOH) for RBC Bearings Incorporated has exhibited fluctuations over the recent quarters. In the most recent quarter ending March 31, 2024, the company had 255.48 days of inventory on hand, showing a decrease from the previous quarter's DOH of 260.44 days.
Looking at the trend over the past several quarters, it is evident that the DOH reached a peak of 531.79 days in December 2022, followed by a steady decline in subsequent quarters. This reduction in DOH indicates that RBC Bearings may have been more efficient in managing its inventory levels during these periods.
It is essential to observe that a higher DOH generally signifies slower inventory turnover and potentially higher carrying costs for the company. Conversely, a lower DOH suggests faster inventory turnover, which may indicate effective inventory management and alignment with demand patterns.
Overall, while the recent decrease in DOH is a positive sign for RBC Bearings, further monitoring of inventory management practices and their impact on operational efficiency and financial performance will be crucial for the company's continued success.
Peer comparison
Mar 31, 2024