Standex International Corporation (SXI)
Days of inventory on hand (DOH)
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 7.15 | 6.70 | 6.50 | 6.60 | 6.58 | 6.23 | 6.21 | 6.69 | 6.18 | 6.21 | 6.19 | 6.10 | 6.47 | 5.77 | 5.59 | 5.42 | 5.90 | 6.39 | 5.15 | 5.79 | |
| DOH | days | 51.08 | 54.46 | 56.12 | 55.32 | 55.49 | 58.63 | 58.74 | 54.56 | 59.08 | 58.75 | 58.96 | 59.88 | 56.43 | 63.27 | 65.34 | 67.29 | 61.91 | 57.15 | 70.89 | 63.00 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.15
= 51.08
The days of inventory on hand (DOH) for Standex International Corporation have been fluctuating over the past few quarters, ranging from a low of 51.08 days to a high of 70.89 days. The trend indicates some level of variability in managing inventory levels.
On average, the company holds inventory for around 57 to 65 days, suggesting that they maintain a moderate level of inventory relative to their sales. A higher DOH could indicate slower sales turnover or excess inventory, potentially leading to higher carrying costs and capital tied up in inventory.
The recent decrease in DOH from 70.89 days to 63.00 days between Sep 30, 2020, and Dec 31, 2021, may indicate efforts to improve inventory management efficiency. However, the subsequent slight increase to 65.34 days by Mar 31, 2021, and a peak of 67.29 days by Jun 30, 2021, could be a concern if not managed appropriately.
It is important for Standex International Corporation to continuously monitor and optimize its inventory levels to ensure a balance between meeting customer demand and minimizing carrying costs. Further analysis of factors influencing inventory levels and sales performance may provide insights for enhancing operational effectiveness and financial performance.
Peer comparison
Jun 30, 2024