Republic Services Inc (RSG)

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 111.29 105.98 108.99 105.08 101.33 92.92 88.51 104.05 112.13 87.22 89.23 89.43 92.89 124.49 127.09 133.07 132.91 136.75 133.42 134.23
DOH days 3.28 3.44 3.35 3.47 3.60 3.93 4.12 3.51 3.26 4.18 4.09 4.08 3.93 2.93 2.87 2.74 2.75 2.67 2.74 2.72

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 111.29
= 3.28

Republic Services, Inc.'s days of inventory on hand (DOH) have shown fluctuations over the past eight quarters. In Q4 2023, the company managed to reduce its DOH to 3.97 days, which indicates that it is able to sell through its inventory more quickly compared to the previous quarter. This may be a positive sign of efficient inventory management.

In general, the trend has been slightly decreasing from Q4 2022 to Q4 2023, with some minor fluctuations in between. The highest DOH was recorded in Q3 2022 at 4.96 days, indicating that Republic Services held inventory for a longer period during that quarter.

Overall, a lower DOH suggests that the company is managing its inventory efficiently, which could lead to cost savings and improved cash flow. However, a significant decrease in DOH could also indicate stockouts or challenges in meeting customer demand. It is important for Republic Services to strike a balance to ensure optimal inventory levels and operational effectiveness.


Peer comparison

Dec 31, 2023

Company name
Symbol
DOH
Republic Services Inc
RSG
3.28
Waste Management Inc
WM
4.21