Reliance Steel & Aluminum Co (RS)
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 | 6.29 | 6.16 | 6.11 | 7.06 | 7.17 | 6.70 | 6.03 | 6.59 | 5.78 | 5.32 | 5.24 | 5.12 | 5.33 | 5.47 | 5.57 | 5.54 | 4.34 | 4.55 | 4.11 | 3.54 | |
| DOH | days | 58.07 | 59.29 | 59.74 | 51.73 | 50.92 | 54.49 | 60.55 | 55.40 | 63.15 | 68.64 | 69.72 | 71.36 | 68.52 | 66.68 | 65.56 | 65.89 | 84.02 | 80.19 | 88.75 | 103.08 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.29
= 58.07
Reliance Steel & Aluminum Co.'s Days of Inventory on Hand (DOH) has shown some fluctuations over the past eight quarters. In Q4 2023, the DOH was reported at 72.70 days, a slight decrease from the previous quarter at 73.89 days in Q3 2023. This implies that the company held its inventory for approximately 72.70 days before selling it during the most recent quarter.
Comparing Q4 2023 to the same quarter in the previous year, there has been an increase in the DOH from 61.86 days in Q4 2022, indicating that the company is holding onto its inventory for a longer period before selling it. The general trend in the DOH figures for the past eight quarters shows some variability, with peaks and troughs observed across the quarters.
It is important to analyze the DOH in conjunction with other financial ratios and operational metrics to gain further insights into the efficiency of inventory management at Reliance Steel & Aluminum Co. An increasing DOH can sometimes indicate overstocking or slow-moving inventory, while a decreasing DOH could suggest efficient inventory turnover.
Peer comparison
Dec 31, 2023