Gibraltar Industries Inc (ROCK)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.93 | 7.08 | 7.41 | 7.31 | 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 | |
| DOH | days | 52.69 | 51.52 | 49.26 | 49.95 | 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 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.93
= 52.69
Gibraltar Industries Inc's days of inventory on hand (DOH) has shown fluctuations over the past several quarters. The trend indicates an increase in DOH from around 45 days in mid-2020 to approximately 66 days by the middle of 2022. This rise suggests that the company may be carrying higher levels of inventory relative to its sales volume.
In the subsequent quarters, there was a slight decline in DOH, dropping to around 50 days by the end of 2023. This reduction could indicate efforts by the company to manage and optimize its inventory levels more efficiently.
However, in the first two quarters of 2024, DOH increased again, reaching around 52 to 53 days. This increase may raise concerns about potential overstocking or a slowdown in inventory turnover, which could tie up resources and lead to higher carrying costs.
Overall, Gibraltar Industries Inc should continue to monitor its inventory management practices to strike a balance between ensuring sufficient stock levels to meet customer demand and avoiding excessive holding costs associated with excess inventory.
Peer comparison
Dec 31, 2024