Willscot Mobile Mini Holdings Corp A (WSC)

Days of inventory on hand (DOH)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Inventory turnover 23.04 21.75 24.55 28.31 32.68
DOH days 15.84 16.78 14.87 12.90 11.17

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 23.04
= 15.84

The days of inventory on hand (DOH) for Willscot Mobile Mini Holdings Corp A have exhibited a generally upward trend over the specified period from December 31, 2020, to December 31, 2024. Specifically, the DOH increased from 11.17 days in 2020 to 12.90 days in 2021, representing an approximate 15.5% increase. This upward movement continued into 2022, with the DOH reaching 14.87 days, reflecting a further expansion of approximately 15.4% over the previous year. The trend persisted through 2023, where the DOH rose to 16.78 days, indicative of a continued extension in inventory holding periods by roughly 13%. In 2024, the DOH slightly declined to 15.84 days, suggesting a modest reduction of approximately 5.5% compared to the previous year, though still remaining higher than earlier years.

Overall, the data indicates a pattern of increasing inventory holding periods over the three-year span, with a slight contraction observed in 2024. This progression may imply that the company has been holding inventory for longer durations, potentially due to strategic shifts in inventory management, changes in supply chain dynamics, or adjustments in operational requirements. The relatively steady increase over the years signifies a deliberate or systemic change rather than erratic fluctuations, which could have implications for inventory turnover efficiency, working capital management, and operational agility.