Resideo Technologies Inc (REZI)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.99 | 5.84 | 7.15 | 7.27 | 7.25 | |
| DOH | days | 60.92 | 62.46 | 51.07 | 50.20 | 50.31 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.99
= 60.92
The Days of Inventory on Hand (DOH) for Resideo Technologies Inc has been fluctuating over the past five years. In 2023, the company had 75.55 days of inventory on hand, a slight decrease from 77.30 days in 2022. This indicates that the company took slightly less time to sell its inventory in 2023 compared to the previous year.
In 2021, the DOH was 63.03 days, showing a significant decrease from 2020 when it was 65.27 days. This suggests that the company managed its inventory more efficiently in 2021, taking less time to sell its inventory.
However, in 2019, the DOH was 64.49 days, slightly higher than in 2020, indicating that the company took slightly longer to sell its inventory that year.
Overall, the trend in DOH for Resideo Technologies Inc shows some variability, with the company improving its inventory management in certain years but showing a slight increase in others. A lower DOH generally indicates more efficient inventory management, allowing the company to quickly turn its inventory into sales.