Werner Enterprises Inc (WERN)

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		196.54	186.26	177.97	168.33	160.08	165.80	177.51	191.01	190.57	208.20	203.58	196.95	202.55	179.43	168.35	161.74	158.45	206.61	226.35	249.52
DOH	days	1.86	1.96	2.05	2.17	2.28	2.20	2.06	1.91	1.92	1.75	1.79	1.85	1.80	2.03	2.17	2.26	2.30	1.77	1.61	1.46

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 196.54
= 1.86

The days of inventory on hand (DOH) for Werner Enterprises Inc have shown some fluctuations over the period from March 31, 2020, to December 31, 2024.

The DOH started at a low of 1.46 days on March 31, 2020, and gradually increased to a peak of 2.30 days by December 31, 2020. This rise in DOH indicates that the company held inventory for a longer period, potentially due to slower inventory turnover or higher inventory levels during that time.

Subsequently, from March 31, 2021, to September 30, 2021, the DOH decreased to 1.80 days, suggesting improved inventory management or reduced inventory levels. The trend continued with minor fluctuations, hovering around 1.75 to 2.20 days, with a general downward trajectory up to December 31, 2024.

Overall, the average DOH remained relatively stable over the period analyzed, indicating a balance between maintaining optimal inventory levels and efficient inventory turnover within Werner Enterprises Inc's operations.