SPX Corp (SPXC)
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 | 5.12 | 3.54 | 3.24 | 3.47 | 3.97 | 3.62 | 3.90 | 3.95 | 4.41 | 7.29 | 8.13 | 7.92 | 9.15 | 7.83 | 7.74 | 8.08 | 9.14 | 8.98 | 9.19 | 9.50 | |
| DOH | days | 71.33 | 103.23 | 112.74 | 105.16 | 91.91 | 100.69 | 93.50 | 92.49 | 82.84 | 50.07 | 44.90 | 46.11 | 39.90 | 46.62 | 47.13 | 45.20 | 39.93 | 40.65 | 39.73 | 38.44 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.12
= 71.33
The Days of Inventory on Hand (DOH) for SPX Corp has shown some fluctuations over the past few quarters.
The trend indicates that SPX Corp held inventory for an average of 71.33 days at the end of December 2023, which increased significantly to 103.23 days in September 2023 before slightly decreasing to 112.74 days in June 2023. This suggests potential issues with inventory management or slower inventory turnover during these periods.
Looking back to previous quarters, there was a noticeable decrease in inventory days from the September 2021 quarter to the December 2021 quarter, where DOH dropped significantly from 82.84 days to 50.07 days. This suggests an improvement in managing inventory levels or an increase in inventory turnover efficiency during this period.
It's important for SPX Corp to monitor and analyze their inventory turnover to ensure optimal levels that strike a balance between meeting customer demand and minimizing the costs associated with holding excess inventory. Further analysis of the reasons behind these fluctuations in DOH will be crucial for optimizing inventory management practices and potentially improving overall operational efficiency.
Peer comparison
Dec 31, 2023