Standard Motor Products Inc (SMP)

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		2.74	2.68	2.57	2.47	2.63	2.38	2.27	2.30	2.79	2.76	2.74	2.65	3.47	3.21	2.77	2.77	3.26	3.12	2.81	2.84
DOH	days	132.97	136.18	142.09	147.95	139.04	153.62	160.53	158.94	130.86	132.18	133.32	137.84	105.16	113.74	131.58	132.00	111.94	117.16	130.08	128.36

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.74
= 132.97

Standard Motor Products, Inc. has shown fluctuations in its Days of Inventory on Hand (DOH) over the recent quarters. In Q4 2023, the company had 197.78 days of inventory on hand, which was higher compared to the previous quarter's 178.91 days. This increase indicates a buildup in inventory levels.

However, when compared to the same period in the previous year, Q4 2022, the DOH in Q4 2023 was slightly lower. This could signal that the company managed its inventory more efficiently in the current quarter.

Overall, Standard Motor Products, Inc. has maintained its inventory levels within a relatively narrow range over the past few quarters, suggesting a degree of stability in its inventory management practices. The company should continue to monitor and optimize its inventory levels to ensure efficient operations and effective working capital management.