WESCO International Inc (WCC)
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 | 5.87 | 5.93 | 5.80 | 5.50 | 5.71 | 5.57 | 5.97 | 6.30 | 6.53 | 6.28 | 6.16 | 5.38 | 4.62 | 3.54 | 2.85 | 7.14 | 6.70 | 6.95 | 6.88 | 7.17 | |
| DOH | days | 62.15 | 61.56 | 62.96 | 66.37 | 63.91 | 65.54 | 61.17 | 57.92 | 55.88 | 58.11 | 59.30 | 67.89 | 78.99 | 103.04 | 128.23 | 51.09 | 54.48 | 52.49 | 53.03 | 50.89 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.87
= 62.15
The days of inventory on hand (DOH) for Wesco International, Inc. has shown some fluctuations over the past eight quarters. In Q4 2023, the DOH was 74.33 days, slightly higher than the previous quarter at 73.53 days. Despite this increase, the trend over the last four quarters indicates a slight improvement compared to the consistently higher DOH values in the preceding quarters.
Comparing with the same quarter in the previous year, Q4 2022 had a DOH of 76.20 days, which suggests a modest decrease in the number of days it takes for Wesco International to sell its inventory in Q4 2023. This improvement in inventory management efficiency is further supported by the year-on-year comparison with Q1 2022 and Q2 2022, where DOH values were higher at 79.19 days and 78.33 days respectively.
Overall, the trend in the days of inventory on hand for Wesco International, Inc. indicates a recent shift towards a more efficient inventory management strategy, potentially leading to cost savings and improved cash flow management for the company. However, it is important to continue monitoring this ratio to ensure that inventory levels remain optimal for the company's operations.
Peer comparison
Dec 31, 2023