Cactus Inc (WHD)

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 3.09 3.19 3.13 3.02 2.88 2.64 2.54 2.12 2.76 2.58 2.59 2.60 2.65 2.73 2.64 2.37 2.71 3.17 3.74 3.94
DOH days 118.02 114.26 116.71 121.04 126.93 138.08 143.68 171.89 132.02 141.22 140.99 140.12 137.90 133.51 138.52 154.23 134.76 115.14 97.53 92.64

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.09
= 118.02

The Days of Inventory on Hand (DOH) for Cactus Inc over the past few years have exhibited fluctuations. The trend shows an increase from 92.64 days as of March 31, 2020, peaking at 171.89 days as of March 31, 2023, and then decreasing gradually to 118.02 days as of December 31, 2024.

A higher DOH indicates that the company holds inventory for a longer time before it is sold, which can tie up capital and lead to higher carrying costs. Conversely, a lower DOH may suggest higher inventory turnover and more efficient inventory management.

Cactus Inc should analyze the reasons behind the fluctuations in DOH to identify potential inefficiencies in inventory management or changes in customer demand. Monitoring and managing DOH effectively can help optimize working capital and improve overall operational efficiency.