RPM International Inc (RPM)
Days of inventory on hand (DOH)
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.93 | 6.16 | 6.08 | 6.02 | 5.90 | 4.95 | 4.70 | 4.81 | 5.13 | 5.03 | 5.60 | 5.65 | 5.90 | 5.80 | 6.30 | 6.64 | 6.36 | 5.74 | 5.93 | 6.07 | |
| DOH | days | 52.70 | 59.21 | 60.04 | 60.60 | 61.91 | 73.79 | 77.61 | 75.95 | 71.13 | 72.57 | 65.20 | 64.61 | 61.92 | 62.91 | 57.96 | 54.99 | 57.41 | 63.53 | 61.58 | 60.17 |
May 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.93
= 52.70
The days of inventory on hand (DOH) for RPM International Inc has shown some fluctuations over the periods analyzed. The trend indicates that the company has been able to manage its inventory levels effectively, with some periods showing lower DOH compared to others.
On average, RPM International Inc has kept approximately 60 days of inventory on hand over the past few years. However, there have been instances where the DOH has exceeded this average, such as in February 2023, November 2022, and August 2022, indicating potentially higher inventory levels during those periods.
Conversely, the company was able to lower its DOH below the average in August 2020 and May 2020, demonstrating more efficient inventory management during those times. Overall, the variations in DOH suggest that RPM International Inc has been actively monitoring and adjusting its inventory levels to align with demand fluctuations in the market.
Peer comparison
May 31, 2024