Wabash National Corporation (WNC)
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 | 7.62 | 6.14 | 6.33 | 6.96 | 8.94 | 6.63 | 6.29 | 6.11 | 6.76 | 5.89 | 5.57 | 5.80 | 8.07 | 7.30 | 8.28 | 7.72 | 10.77 | 7.46 | 7.68 | 7.86 | |
| DOH | days | 47.93 | 59.46 | 57.70 | 52.47 | 40.84 | 55.06 | 58.00 | 59.78 | 53.98 | 61.99 | 65.58 | 62.98 | 45.21 | 50.03 | 44.08 | 47.28 | 33.90 | 48.90 | 47.52 | 46.41 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.62
= 47.93
The days of inventory on hand (DOH) for Wabash National Corp. have displayed fluctuations over the past few quarters. In Q4 2023, the company had 47.93 days' worth of inventory on hand, which decreased from 59.46 days in Q3 2023. This suggests an improvement in inventory management efficiency during that period.
Comparing year-over-year data, the DOH has generally been higher in 2022 than in 2023. In Q4 2022, the DOH was 40.84 days, which was lower than Q4 2023, indicating a possible increase in inventory levels in the most recent quarter.
Overall, it appears that Wabash National Corp. has been working to optimize its inventory levels, as seen in the fluctuations in the DOH metric. Further analysis and comparison with industry benchmarks would provide additional insights into the company's inventory management performance.