Simpson Manufacturing Company Inc (SSD)
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 | 3.02 | 3.24 | 3.12 | 2.85 | 2.85 | 2.81 | 2.56 | 2.78 | 2.60 | 2.83 | 3.45 | 3.43 | 3.43 | 3.65 | 3.48 | 3.61 | 3.65 | 3.79 | 3.37 | 3.27 | |
| DOH | days | 120.95 | 112.54 | 117.01 | 128.25 | 127.87 | 130.10 | 142.71 | 131.14 | 140.55 | 129.17 | 105.94 | 106.54 | 106.51 | 100.04 | 104.73 | 101.10 | 100.11 | 96.28 | 108.39 | 111.53 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.02
= 120.95
The days of inventory on hand (DOH) for Simpson Manufacturing Co., Inc. have shown fluctuations over the past eight quarters. In Q4 2023, the DOH was reported at 172.07 days, which was higher compared to the previous quarter's DOH of 158.21 days. This increase indicates that the company held its inventory for a longer period during the most recent quarter.
Looking further back, the trend in DOH was somewhat inconsistent. In Q2 2022 and Q3 2022, the DOH spiked to 195.15 days and 175.97 days, respectively, suggesting potential inventory management challenges during that period. However, the DOH decreased in subsequent quarters, showing some improvement in inventory turnover efficiency.
Overall, the DOH metric for Simpson Manufacturing Co., Inc. indicates that the company may have experienced variations in inventory management effectiveness. Investors and stakeholders should monitor future DOH trends to assess if the company is effectively managing its inventory levels to support operational efficiency and financial performance.
Peer comparison
Dec 31, 2023