United Rentals Inc (URI)

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		45.98	42.20	39.91	41.41	41.56	40.60	36.50	32.24	28.65	33.44	31.46	33.81	35.75	34.08	31.41	46.42	42.78	50.26	52.17	49.77
DOH	days	7.94	8.65	9.15	8.81	8.78	8.99	10.00	11.32	12.74	10.92	11.60	10.80	10.21	10.71	11.62	7.86	8.53	7.26	7.00	7.33

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 45.98
= 7.94

United Rentals Inc's days of inventory on hand (DOH) provides insight into how efficiently the company manages its inventory levels.

From March 31, 2020, to June 30, 2022, the DOH ranged between 7.00 days to 11.62 days, indicating some variability in inventory management efficiency. However, there was a noticeable increase in DOH in the most recent periods, reaching 12.74 days by December 31, 2022.

The trend then shows a decrease in DOH over the next few quarters, with levels falling to 8.65 days by September 30, 2024. This decline suggests that United Rentals Inc may have implemented better inventory management practices or experienced increased sales relative to inventory levels during this period.

Overall, the fluctuations in United Rentals Inc's DOH highlight the importance of closely monitoring inventory levels to ensure optimal efficiency in managing working capital and meeting customer demand.