Vulcan Materials Company (VMC)

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		9.48	10.26	9.85	9.96	9.94	10.39	9.84	8.79	8.02	7.41	8.00	8.08	7.97	7.90	8.16	7.89	8.01	8.36	7.87	7.90
DOH	days	38.52	35.58	37.07	36.65	36.73	35.14	37.10	41.51	45.54	49.25	45.64	45.17	45.80	46.23	44.72	46.24	45.54	43.65	46.41	46.21

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.48
= 38.52

Vulcan Materials Co's days of inventory on hand (DOH) has shown fluctuations over the past eight quarters. In Q4 2023, the DOH was 38.52 days, slightly higher compared to Q3 2023 (35.58 days). This indicates that the company held inventory for a longer period in Q4 2023.

Looking at the trend over the last year, Vulcan Materials Co's DOH has generally been within the range of 35-41 days, with some slight variations. In comparison to the same quarter in the previous year (Q4 2022), the DOH in Q4 2023 was slightly higher (36.73 days in Q4 2022).

Overall, the trend suggests that Vulcan Materials Co has been relatively consistent in managing its inventory levels over the past eight quarters. However, it is important for the company to continue monitoring and optimizing its inventory levels to ensure efficiency in its operations and maximize profitability.