Reliance Steel & Aluminum Co (RS)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.30 | 7.18 | 5.79 | 4.25 | 4.65 | |
| DOH | days | 57.97 | 50.83 | 63.06 | 85.88 | 78.58 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.30
= 57.97
Reliance Steel & Aluminum Co.'s Days of Inventory on Hand (DOH) has shown some fluctuations over the past five years. The company had 72.70 days of inventory on hand as of December 31, 2023, which represents an increase compared to the previous year. In 2022, the DOH was 61.86 days, indicating a decrease from the prior year. However, in 2021, the DOH increased to 78.49 days, and in 2020, it was at 85.88 days, which was the highest level amongst the five years analyzed. In 2019, the DOH was at 78.58 days, showing a slight decrease compared to 2021.
Overall, the trend in the DOH for Reliance Steel & Aluminum Co. has been somewhat volatile over the past five years, with fluctuations in inventory turnover efficiency. Monitoring the DOH ratio can provide insights into the company's inventory management practices and efficiency in converting inventory into sales.
Peer comparison
Dec 31, 2023