Waste Management Inc (WM)
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 | 86.74 | 83.98 | 86.28 | 86.14 | 88.22 | 90.00 | 88.40 | 91.36 | 97.74 | 96.81 | 96.49 | 93.49 | 91.66 | 70.00 | 70.03 | 73.08 | 79.54 | 77.08 | 79.74 | 77.50 | |
| DOH | days | 4.21 | 4.35 | 4.23 | 4.24 | 4.14 | 4.06 | 4.13 | 4.00 | 3.73 | 3.77 | 3.78 | 3.90 | 3.98 | 5.21 | 5.21 | 4.99 | 4.59 | 4.74 | 4.58 | 4.71 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 86.74
= 4.21
Over the past eight quarters, Waste Management, Inc. has maintained a relatively stable level of days of inventory on hand (DOH), ranging from a low of 4.73 days in Q1 2022 to a high of 5.09 days in Q3 2023. The average DOH over this period is approximately 4.90 days. This indicates that the company is effectively managing its inventory levels, with inventory turnover occurring efficiently. The slight fluctuations in DOH suggest that Waste Management is able to adapt to changing demand while avoiding excess inventory accumulation. Overall, the consistency in the company's DOH reflects prudent inventory management practices.
Peer comparison
Dec 31, 2023
See also:
Waste Management Inc Average Inventory Processing Period (Quarterly Data)