Republic Services Inc (RSG)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 95.41 | 91.90 | 84.93 | 93.32 | 103.22 | |
| DOH | days | 3.83 | 3.97 | 4.30 | 3.91 | 3.54 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 95.41
= 3.83
The days of inventory on hand (DOH) for Republic Services Inc has shown a slight increasing trend over the years, from 3.54 days as of December 31, 2020, to 3.91 days in 2021, further to 4.30 days by the end of 2022. However, there was a decrease to 3.97 days by December 31, 2023, followed by a slight increase to 3.83 days as of December 31, 2024.
The average DOH over these years is approximately 4.11 days, indicating that Republic Services Inc holds inventory for around 4 days before it is converted into revenue. A lower DOH value generally suggests efficient inventory management as the company is able to quickly sell its inventory, while a higher DOH could indicate overstocking or issues with selling products in a timely manner.
Overall, Republic Services Inc should continue monitoring its inventory levels closely to ensure efficient inventory turnover and optimize cash flow management.
Peer comparison
Dec 31, 2024