Gibraltar Industries Inc (ROCK)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 8.43 | 6.29 | 5.96 | 7.90 | 10.95 | |
| DOH | days | 43.30 | 58.04 | 61.27 | 46.23 | 33.34 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.43
= 43.30
The days of inventory on hand (DOH) for Gibraltar Industries Inc. has shown fluctuations over the past five years. In 2023, the DOH decreased to 43.30 days from 58.04 days in 2022, indicating a more efficient management of inventory levels. This improvement suggests potential cost savings from reduced inventory holding costs and a more streamlined supply chain process.
Comparing 2023 to 2021, there has been a significant decrease in the DOH from 61.27 days to 43.30 days, showcasing ongoing efforts to manage inventory more effectively. However, it is worth noting that the DOH in 2023 is still higher compared to 2019 when it was 35.69 days, indicating some room for further optimization in inventory management.
Overall, the trend in DOH for Gibraltar Industries Inc. reflects a mixed performance, with recent improvements in 2023 but room for continued optimization to achieve lower inventory holding days and enhanced operational efficiency.
Peer comparison
Dec 31, 2023