Gibraltar Industries Inc (ROCK)
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 | 8.43 | 7.20 | 6.43 | 6.03 | 6.29 | 5.37 | 5.49 | 5.74 | 5.96 | 6.29 | 6.86 | 7.83 | 7.90 | 8.29 | 8.23 | 7.45 | 10.95 | 7.94 | 7.57 | 6.52 | |
| DOH | days | 43.30 | 50.72 | 56.75 | 60.55 | 58.04 | 68.00 | 66.47 | 63.57 | 61.27 | 58.05 | 53.24 | 46.59 | 46.23 | 44.00 | 44.33 | 48.96 | 33.34 | 45.99 | 48.23 | 56.00 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.43
= 43.30
Days of inventory on hand (DOH) is a measure that indicates how many days, on average, a company holds its inventory before selling it. A lower number of days suggests efficient inventory management, while a higher number may indicate slower turnover.
In the case of Gibraltar Industries Inc., the trend in DOH over the past eight quarters shows some fluctuations. During Q4 2023, the company held inventory for an average of 43.30 days, which was lower compared to the previous quarter. This decrease in DOH may suggest improved inventory management efficiency or faster inventory turnover.
It is important to note that DOH can be influenced by various factors such as seasonality, production schedules, and demand fluctuations. Analyzing DOH trends over multiple periods can provide insights into the company's inventory management practices and overall operational efficiency.
Overall, a declining trend in DOH, as observed in the case of Gibraltar Industries Inc. in Q4 2023, may indicate a positive development in inventory management, potentially leading to improved liquidity and profitability. However, it is essential to consider other financial ratios and qualitative factors to gain a comprehensive understanding of the company's performance and prospects.
Peer comparison
Dec 31, 2023