SPX Corp (SPXC)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.49 | 3.97 | 4.02 | 3.79 | 3.87 | 3.63 | 3.38 | 3.73 | 3.87 | 3.38 | 3.61 | 3.67 | 4.64 | 5.72 | 6.57 | 6.49 | 6.69 | 5.97 | 5.91 | 6.16 | |
| DOH | days | 81.34 | 91.93 | 90.85 | 96.31 | 94.28 | 100.68 | 107.83 | 97.87 | 94.33 | 107.83 | 101.01 | 99.41 | 78.68 | 63.85 | 55.52 | 56.24 | 54.59 | 61.13 | 61.71 | 59.23 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.49
= 81.34
The days of inventory on hand (DOH) for SPX Corp has shown fluctuations over the periods analyzed. For the most recent data available, as of December 31, 2024, the company had an inventory turnover period of approximately 81.34 days. This indicates that, on average, it took SPX Corp around 81 days to sell its inventory.
Analyzing the trend over time, we observe that the DOH metric has seen an increasing pattern from March 31, 2020, to December 31, 2022, reaching its peak at 107.83 days on both September 30, 2022, and June 30, 2023. This trend suggests that the company may have been experiencing challenges in managing its inventory efficiently during these periods.
However, from December 31, 2022, onward, the DOH metric started to decline gradually, indicating a potential improvement in inventory management efficiency. The metric decreased to 90.85 days on June 30, 2024, before further dropping to 81.34 days by the end of December 31, 2024.
Overall, a lower DOH value suggests that the company is selling its inventory at a faster rate and may be managing inventory levels more effectively. Conversely, a higher DOH value may indicate inventory management issues, such as overstocking or slow sales. It is crucial for SPX Corp to continue monitoring and optimizing its inventory turnover to improve operational efficiency and financial performance.
Peer comparison
Dec 31, 2024