Willscot Mobile Mini Holdings Corp A (WSC)
Days of inventory on hand (DOH)
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 23.06 | 23.42 | 21.21 | 22.13 | 22.23 | 21.75 | 22.89 | 23.64 | 25.40 | 26.00 | 23.27 | 23.70 | 23.99 | 28.31 | 28.78 | 26.67 | 31.91 | 32.68 | 29.32 | 42.86 | |
| DOH | days | 15.83 | 15.58 | 17.21 | 16.50 | 16.42 | 16.78 | 15.94 | 15.44 | 14.37 | 14.04 | 15.69 | 15.40 | 15.21 | 12.90 | 12.68 | 13.68 | 11.44 | 11.17 | 12.45 | 8.52 |
March 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 23.06
= 15.83
The analysis of WillScot Mobile Mini Holdings Corp A’s days of inventory on hand (DOH) over the specified period reveals a general upward trend with some fluctuations. At the end of June 2020, the DOH was approximately 8.52 days, indicating a relatively lean level of inventory relative to sales. This figure increased significantly through the subsequent quarters, reaching approximately 12.45 days by September 2020 and peaking at around 15.69 days in September 2022.
Between the second quarter of 2021 and the end of 2023, the DOH fluctuated within a moderate range from approximately 11.17 days to 16.78 days. Notably, the highest DOH during this period was observed at the end of December 2023, at 16.78 days. It is observed that, after reaching this peak, the DOH declined slightly in the subsequent quarters, registering around 15.58 days at the end of December 2024 and approximately 15.83 days by the end of March 2025.
Overall, the trend indicates an increase in inventory holding periods over the analyzed timeframe, which could be reflective of strategic inventory management adjustments, changes in sales cycles, or supply chain considerations. The elevated DOH levels in recent periods suggest the company is maintaining stock for a longer duration relative to sales, which warrants ongoing analysis to determine the underlying operational or strategic drivers.