Ufp Industries Inc (UFPI)
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 | 7.97 | 8.23 | 7.96 | 7.59 | 8.05 | 7.87 | 7.07 | 6.26 | 7.50 | 7.54 | 6.11 | 6.11 | 7.67 | 7.54 | 8.09 | 7.31 | 7.66 | 7.80 | 7.22 | 6.71 | |
| DOH | days | 45.80 | 44.36 | 45.85 | 48.08 | 45.33 | 46.37 | 51.64 | 58.31 | 48.64 | 48.41 | 59.76 | 59.78 | 47.56 | 48.39 | 45.10 | 49.91 | 47.64 | 46.78 | 50.53 | 54.38 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.97
= 45.80
The days of inventory on hand (DOH) for Ufp Industries Inc has shown fluctuations over the past few years. The trend indicates that the company has generally been able to manage its inventory efficiently, with DOH ranging from 44.36 days to 59.78 days in recent quarters.
In more recent periods, the DOH has been relatively stable, hovering around the mid-40s to high-50s days range. This suggests that the company has been able to maintain a balance in its inventory levels, neither overstocking nor running low on inventory.
The slight increase in DOH in some quarters may indicate that inventory turnover has slowed down slightly, potentially due to various factors such as changes in customer demand, supply chain disruptions, or production delays.
Overall, while the DOH for Ufp Industries Inc has fluctuated over time, the company appears to be managing its inventory effectively to support its operations and meet customer demands. Monitoring this ratio going forward will be important to ensure optimal inventory management and operational efficiency.