Regal Beloit Corporation (RRX)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.84 | 2.99 | 2.43 | 3.25 | 3.66 | |
| DOH | days | 95.16 | 121.96 | 150.34 | 112.27 | 99.84 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.84
= 95.16
The days of inventory on hand (DOH) for Regal Rexnord Corp have shown fluctuations over the past five years. It decreased from 104.16 days as of December 28, 2019, to 111.17 days as of December 31, 2023. This suggests that the company has been able to manage its inventory more efficiently during this period.
The highest DOH was recorded on January 1, 2022, at 148.25 days, which indicates that the company held a significant amount of inventory relative to its sales. However, there was a notable improvement in inventory management by December 31, 2023, with the DOH decreasing to 111.17 days.
Overall, the trend in inventory management for Regal Rexnord Corp appears to show a positive progression towards more efficient inventory turnover. However, further analysis would be required to understand the specific factors driving these changes and to assess the company's overall inventory management strategy.
Peer comparison
Dec 31, 2023