Trimble Inc (TRMB)
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 | 12.68 | 10.59 | 7.25 | 6.44 | 6.74 | 6.19 | 5.85 | 4.81 | 4.47 | 4.86 | 5.12 | 4.81 | 4.63 | 4.40 | 4.17 | 4.51 | 4.78 | 5.16 | 5.22 | 5.61 | |
| DOH | days | 28.79 | 34.48 | 50.32 | 56.71 | 54.16 | 58.94 | 62.40 | 75.92 | 81.62 | 75.10 | 71.31 | 75.84 | 78.82 | 82.90 | 87.56 | 80.85 | 76.43 | 70.70 | 69.89 | 65.11 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 12.68
= 28.79
Trimble Inc's Days of Inventory on Hand (DOH) has fluctuated over the past few years. In the most recent period, as of December 31, 2023, the company had 28.79 days of inventory on hand, indicating that on average, it took approximately 28.79 days for Trimble to sell its inventory. This represents an improvement from the previous quarter, where the DOH was 34.48 days.
Looking further back, there has been variability in Trimble's inventory management efficiency. The DOH numbers have ranged from a low of 28.79 days to a high of 87.56 days over the past few years. A lower number of days of inventory on hand is generally preferred as it suggests that the company is efficiently managing its inventory levels and turning over its inventory quickly.
Trimble's management should continue to monitor and analyze its inventory levels closely to ensure that they are optimizing the balance between carrying costs and stockouts. Maintaining an optimal level of inventory can help improve cash flow and profitability for the company.
Peer comparison
Dec 31, 2023