Southwest Gas Holdings Inc (SWX)
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 | — | — | 55.00 | 22.88 | 54.27 | 8.32 | 7.23 | 5.78 | 2.49 | — | 47.28 | 49.73 | 9.82 | 11.09 | 10.88 | 10.44 | 1,208.17 | 44.30 | 41.96 | 44.66 | |
| DOH | days | — | — | 6.64 | 15.95 | 6.73 | 43.88 | 50.49 | 63.12 | 146.30 | — | 7.72 | 7.34 | 37.16 | 32.92 | 33.55 | 34.95 | 0.30 | 8.24 | 8.70 | 8.17 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) for Southwest Gas Holdings Inc has shown fluctuating trends over the past few quarters. In general, DOH indicates how many days a company's inventory will last based on the current rate of sales.
From December 31, 2020, to March 31, 2021, there was a significant increase in DOH from 0.30 days to 34.95 days, indicating a potential increase in inventory levels relative to sales. This trend continued with the DOH peaking at 146.30 days on December 31, 2022, signifying a severe imbalance between inventory levels and sales activity.
However, in the subsequent quarters, there was a notable decline in DOH, dropping to 6.73 days on December 31, 2023. This suggests that the company may have taken steps to reduce excess inventory or improve inventory management practices.
Overall, monitoring the DOH can provide valuable insights into the efficiency of Southwest Gas Holdings Inc's inventory management processes and its ability to control costs associated with excess inventory holding. Further analysis and comparison with industry benchmarks may help in evaluating the company's performance in this aspect.
Peer comparison
Dec 31, 2024