Trimble Inc (TRMB)
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 | 6.65 | 7.25 | 6.43 | 6.64 | 6.34 | 5.69 | 3.95 | 3.65 | 3.93 | 4.20 | 4.49 | 4.18 | 4.47 | 4.86 | 5.11 | 4.80 | 4.62 | 4.38 | 4.15 | 4.50 | |
| DOH | days | 54.88 | 50.32 | 56.80 | 55.00 | 57.56 | 64.12 | 92.43 | 100.12 | 92.87 | 86.88 | 81.22 | 87.37 | 81.63 | 75.13 | 71.37 | 75.99 | 79.06 | 83.30 | 87.96 | 81.17 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.65
= 54.88
Days of inventory on hand (DOH) for Trimble Inc has fluctuated over the past few years based on the provided data. The trend shows some variability, indicating changes in inventory management efficiency.
In the most recent period of December 31, 2024, Trimble Inc had a DOH of 54.88 days, which suggests the company holds about 54.88 days worth of inventory on hand based on its sales. This represents a decrease compared to the previous period, indicating potentially improved inventory turnover efficiency.
It is worth noting that the DOH metric reached its highest point at 100.12 days on March 31, 2023, which could indicate potential issues with inventory management efficiency and liquidity during that period. Conversely, the lowest point observed was 50.32 days on September 30, 2024, signifying a more streamlined inventory handling process.
Overall, monitoring Trimble Inc's DOH over time can provide insights into the company's inventory management practices, efficiency in managing working capital, and potential impacts on cash flow and profitability.
Peer comparison
Dec 31, 2024