Southwest Gas Holdings Inc (SWX)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | 52.93 | 1.81 | 9.82 | 1,208.17 | |
| DOH | days | — | 6.90 | 201.38 | 37.16 | 0.30 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
Southwest Gas Holdings Inc's days of inventory on hand (DOH) has shown significant fluctuations over the years. In December 2020, the company had an exceptionally low DOH of 0.30 days, indicating efficient management of inventory. This increased substantially to 37.16 days by December 2021, suggesting a buildup of inventory relative to sales.
By December 2022, the DOH further rose significantly to 201.38 days, signaling potential inefficiencies in inventory management or a decline in sales turnover. The company managed to reduce its DOH to 6.90 days by December 2023, indicating a more optimal level of inventory relative to sales.
However, the data for December 2024 is not available, denoted by "— days," making it challenging to provide further analysis for that period. Overall, the fluctuating trend in Southwest Gas Holdings Inc's DOH highlights the importance of closely monitoring inventory levels to support operational efficiency and financial performance.
Peer comparison
Dec 31, 2024