Valmont Industries Inc (VMI)
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 | 5.84 | 5.52 | 5.13 | 5.30 | 5.47 | 5.19 | 4.67 | 4.30 | 4.50 | 3.58 | 3.75 | 4.03 | 4.40 | 4.39 | 4.26 | 4.57 | 4.62 | 5.11 | 4.79 | 4.89 | |
| DOH | days | 62.53 | 66.11 | 71.17 | 68.82 | 66.75 | 70.39 | 78.11 | 84.92 | 81.09 | 102.00 | 97.22 | 90.60 | 82.91 | 83.22 | 85.62 | 79.92 | 79.03 | 71.37 | 76.14 | 74.61 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.84
= 62.53
Based on the historical data provided, Valmont Industries Inc's days of inventory on hand (DOH) has shown some fluctuations over the past few years.
The DOH has ranged from a low of 62.53 days to a high of 102.00 days, indicating variations in the efficiency of managing inventory levels. A higher DOH suggests that the company is taking longer to sell its inventory, which could tie up capital and lead to increased carrying costs.
In recent quarters, there has been some improvement in inventory management as the DOH has trended downward from 84.92 days in March 2022 to 62.53 days in December 2023. This decline indicates that Valmont Industries Inc has been able to streamline its inventory processes and turn over its inventory more quickly.
It's essential for the company to continue monitoring its inventory levels and optimizing its supply chain management to ensure efficient operations and improved profitability.
Peer comparison
Dec 31, 2023