RPM International Inc (RPM)

The analysis of RPM International Inc.'s days of inventory on hand (DOH) over the period from May 31, 2021, to May 31, 2025, reveals significant fluctuations in inventory management efficiency.

As of May 31, 2021, the DOH was approximately 92.51 days, indicating that the company held inventory sufficient to cover roughly three months of sales. This level of inventory persisted into May 31, 2022, with a notable increase to around 103.54 days, suggesting a buildup of inventory or slower turnover during that period.

Subsequently, the DOH experienced a sharp decrease by May 31, 2023, to approximately 91.93 days, reflecting a partial reduction in inventory levels and an improvement in inventory turnover relative to the previous year. The trend continued positively into May 31, 2024, when the DOH declined further to approximately 80.80 days, indicating an enhanced inventory management leading to quicker turnover and reduced inventory holding periods.

However, this positive trend was partially reversed by May 31, 2025, when the DOH increased to around 87.53 days. Although still below the peak observed in 2022, this uptick suggests some deterioration in inventory efficiency or potential changes in supply chain dynamics, product demand, or inventory strategies.

Overall, the data depict a period of inventory optimization following a prior increase in inventory holding days. The fluctuations in DOH reflect the company's efforts to improve operational efficiency, with notable improvements from 2022 through 2024 and a modest reversal thereafter.

Peer comparison

May 31, 2025