Regal Beloit Corporation (RRX)
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 | 3.68 | 2.98 | 2.46 | 2.17 | 2.99 | 3.10 | 2.72 | 2.51 | 2.43 | 3.17 | 3.25 | 3.17 | 3.25 | 3.78 | 3.63 | 3.85 | 3.66 | 3.56 | 3.52 | 3.44 | |
| DOH | days | 99.23 | 122.53 | 148.11 | 168.12 | 121.96 | 117.86 | 134.06 | 145.14 | 150.34 | 115.15 | 112.36 | 115.13 | 112.26 | 96.51 | 100.52 | 94.85 | 99.85 | 102.53 | 103.74 | 106.10 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.68
= 99.23
Regal Rexnord Corp's days of inventory on hand (DOH) have shown a fluctuating trend over the past eight quarters. In Q1 2022, the company had the highest DOH at 160.91 days, indicating that it took around five and a half months to sell its inventory. Subsequently, there was a slight decrease in DOH in Q2 2022 to 152.96 days before a further reduction to 138.33 days in Q3 2022.
However, in Q4 2022, the DOH increased to 137.53 days before rising significantly in Q1 2023 to 180.80 days, signaling an inefficiency in managing inventory levels. The trend reversed in Q2 and Q3 2023, with DOH decreasing to 151.93 days and 119.58 days, respectively.
The latest data for Q4 2023 shows a further improvement in the company's inventory management, with DOH standing at 111.17 days, the lowest in the given period. This suggests that Regal Rexnord Corp has been able to streamline its inventory processes and potentially optimize its working capital by reducing excess inventory levels.
Peer comparison
Dec 31, 2023