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