Terex Corporation (TEX)
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 | 3.35 | 3.58 | 3.46 | 3.40 | 3.59 | 3.45 | 3.44 | 3.54 | 3.85 | 3.94 | 3.87 | 3.84 | 4.16 | 4.12 | 4.02 | 3.97 | 4.09 | 4.18 | 4.20 | 3.73 | |
| DOH | days | 108.91 | 102.00 | 105.47 | 107.24 | 101.72 | 105.88 | 106.07 | 103.24 | 94.88 | 92.55 | 94.37 | 95.08 | 87.82 | 88.67 | 90.84 | 92.05 | 89.29 | 87.40 | 86.86 | 97.79 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.35
= 108.91
To analyze Terex Corp.'s days of inventory on hand (DOH) performance over the past eight quarters, we can observe the following trends:
1. The DOH has shown some variability over the quarters, with fluctuations ranging from 101.72 to 108.91 days.
2. The average DOH over the eight quarters is approximately 105.17 days, indicating a relatively consistent inventory turnover period for Terex Corp.
3. At 108.91 days, the highest DOH was recorded in Q4 2023, which suggests that inventory turnover was slower during that period, potentially indicating excess or slow-moving inventory.
4. Conversely, the lowest DOH of 101.72 days was observed in Q4 2022, suggesting a more efficient management of inventory during that quarter.
5. Overall, Terex Corp. appears to maintain a moderate level of inventory on hand, with the variations in DOH potentially reflecting changes in demand, production levels, or inventory management strategies.
6. It would be essential for stakeholders to monitor inventory levels closely to ensure optimal utilization and efficiency in inventory management practices.