Trane Technologies plc (TT)
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 | 1.91 | 2.15 | 1.81 | 1.48 | 1.46 | 1.69 | 1.39 | 1.25 | 1.35 | 1.88 | 1.69 | 1.54 | 1.68 | 8.02 | 8.43 | 8.17 | 9.28 | 9.76 | 9.46 | 9.55 | |
| DOH | days | 191.34 | 169.43 | 201.94 | 246.64 | 249.89 | 216.60 | 261.95 | 291.27 | 270.11 | 193.87 | 216.44 | 237.63 | 217.42 | 45.53 | 43.32 | 44.69 | 39.33 | 37.41 | 38.57 | 38.22 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.91
= 191.34
The days of inventory on hand (DOH) metric for Trane Technologies plc has shown fluctuations over the past several quarters. In March 2020, the company held inventory for an average of 38.22 days, a figure that slightly increased to 38.57 days by June 2020. However, by September 2020, the DOH decreased to 37.41 days before rising again to 39.33 days by December 2020.
From March 2021 to June 2021, there was a notable increase in DOH to 44.69 days, followed by a slight decrease to 43.32 days by September 2021. Notably, by December 2021, the days of inventory on hand surged to 217.42 days, indicating a substantial increase in inventory holding period. This significant spike continued into the next quarter, with DOH reaching 237.63 days by March 2022.
Subsequently, there was a slight decrease in DOH to 216.44 days by June 2022, followed by further declines in the following quarters. By September 2024, Trane Technologies had reduced its DOH to 169.43 days, indicating a more efficient management of inventory. The DOH further decreased to 191.34 days by December 2024.
Overall, Trane Technologies plc experienced fluctuations in its DOH metric, with significant variations in inventory holding periods during certain quarters. The company has shown efforts to manage its inventory more effectively in recent quarters, leading to a reduction in the number of days of inventory on hand.
See also:
Trane Technologies plc Average Inventory Processing Period (Quarterly Data)