Standex International Corporation (SXI)
Days of inventory on hand (DOH)
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.69 | 3.79 | 4.22 | 4.74 | 5.03 | 4.65 | 4.53 | 4.64 | 4.63 | 4.40 | 4.42 | 4.27 | 4.42 | 4.41 | 4.37 | 4.27 | 4.52 | 4.37 | 4.30 | 4.51 | |
| DOH | days | 98.95 | 96.26 | 86.57 | 77.07 | 72.50 | 78.51 | 80.50 | 78.72 | 78.88 | 83.03 | 82.63 | 85.44 | 82.62 | 82.86 | 83.57 | 85.39 | 80.80 | 83.59 | 84.84 | 80.85 |
June 30, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.69
= 98.95
The data on Standex International Corporation’s days of inventory on hand (DOH) over the period from September 30, 2020, to June 30, 2025, reflects notable fluctuations and trending patterns. Initially, the DOH ranged from approximately 80.85 days in September 2020, escalating gradually to a peak of around 98.95 days by June 2025.
Between September 2020 and September 2021, the DOH generally exhibited stability with slight increases, fluctuating within the range of approximately 80.80 to 85.39 days. This period indicates a relatively steady inventory management approach, with inventory levels maintained at a consistent level relative to sales.
Starting from late 2021 and extending through 2022, the DOH persisted within the high 80s, maintaining a similar pattern without significant deviations. Notable is the slight upward trend observed in the latter half of this period, culminating in the September 2022 figure of 85.44 days.
From late 2022 into mid-2023, the DOH showed a modest decline, reaching approximately 78.88 days in June 2023 and 78.72 days in September 2023, suggesting a slight improvement in inventory turnover efficiency.
However, from late 2023 onward, the DOH increased substantially, reaching 86.57 days at the end of 2024 and further rising sharply to 96.26 days and 98.95 days in the first two quarters of 2025. This trend indicates a significant accumulation of inventory relative to sales, which could be attributable to factors such as supply chain disruptions, changes in sales volume, or strategic inventory build-up.
Overall, the historical trend demonstrates periods of stability with moderate fluctuations in inventory duration, punctuated by a marked elongation of inventory holding periods in the most recent quarters, particularly in 2024 and early 2025. This pattern warrants further analysis to understand underlying operational or market factors contributing to the extended DOH in recent periods.
Peer comparison
Jun 30, 2025