Triumph Group Inc (TGI)
Days of inventory on hand (DOH)
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.05 | 2.81 | 2.22 | 2.12 | 3.05 | 2.39 | 2.51 | 2.77 | 2.97 | 2.91 | 3.24 | 3.33 | 3.69 | 3.75 | 4.03 | 4.54 | 5.09 | 5.25 | 5.89 | 5.96 | |
| DOH | days | 119.84 | 130.11 | 164.63 | 172.27 | 119.84 | 153.03 | 145.66 | 131.85 | 123.03 | 125.45 | 112.69 | 109.46 | 98.99 | 97.33 | 90.49 | 80.46 | 71.65 | 69.50 | 61.93 | 61.25 |
March 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.05
= 119.84
Triumph Group Inc's days of inventory on hand (DOH) has shown fluctuations over the past several quarters. The trend indicates that the company's inventory turnover rate has been inconsistent, with some periods showing higher DOH values and others showing lower values.
In more recent quarters, there has been an upward trend in DOH, with values exceeding 130 days in Dec 2023 and Sep 2023. This suggests that Triumph Group Inc may be carrying excess inventory relative to its sales levels during those periods.
However, there are also instances of lower DOH values, such as in Jun 2020 and Mar 2020, indicating a more efficient management of inventory during these quarters.
Overall, Triumph Group Inc's management of inventory appears to be somewhat volatile, with periods of both excessive and efficient inventory levels. It would be essential for the company to closely monitor and optimize its inventory management practices to ensure optimal utilization of resources and maintain healthy financial performance.
Peer comparison
Mar 31, 2024