Spire Inc (SR)

Days of inventory on hand (DOH)

		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	Dec 31, 2019
Inventory turnover		1.17	1.32	1.38	1.05	1.02	1.03	1.21	0.65	0.56	0.78	1.34	2.78	4.46	6.13	7.90	7.59	7.59	10.84	13.34	7.93
DOH	days	311.73	275.91	263.71	346.94	356.58	353.37	301.66	558.67	646.83	470.23	272.05	131.32	81.81	59.54	46.20	48.12	48.08	33.68	27.37	46.02

September 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.17
= 311.73

The analysis of Spire Inc's days of inventory on hand (DOH) reveals fluctuations over the past few years. The DOH has ranged from as low as 27.37 days to as high as 646.83 days, indicating significant variability in managing inventory levels.

In recent periods, there seems to be a decreasing trend in the DOH, reflecting potential improvements in inventory management efficiency. However, spikes in DOH, such as in Dec 2022 and Jun 2023, suggest challenges in effectively managing inventory turnover during these periods.

Overall, fluctuations in the DOH figures demonstrate the company's efforts to optimize inventory levels to meet demand efficiently. Further analysis and comparison with industry benchmarks can provide deeper insights into Spire Inc's inventory management effectiveness and potential areas for improvement.