Xerox Corp (XRX)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.10 | 2.69 | 2.52 | 2.27 | 2.55 | 2.57 | 2.59 | 2.70 | 2.85 | 2.67 | 2.65 | 2.54 | 2.74 | 2.38 | 2.61 | ||||
| DOH | days | 117.81 | 135.78 | 144.89 | 160.63 | 143.23 | 141.94 | 141.17 | 135.08 | 128.17 | 136.64 | 137.78 | 143.44 | 133.09 | 153.07 | 139.99 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.10
= 117.81
To analyze the trend of Xerox Holdings Corp's days of inventory on hand (DOH) over the past eight quarters, we observe a fluctuating pattern.
The firm's DOH ranged from 54.31 days in Q4 2023 to 67.64 days in Q1 2023. This indicates that the company had lower inventory levels in Q4 2023, which may suggest efficient inventory management practices. However, the increase to 67.64 days in Q1 2023 could signal potential inventory management challenges or slower inventory turnover during that period.
Comparing the most recent quarter, Q4 2023, to the same quarter in the previous year, Q4 2022, there was a slight improvement as DOH decreased from 62.15 days to 54.31 days. This decline may suggest that Xerox has been able to streamline its inventory levels and optimize its inventory turnover efficiency over the year.
Overall, while there have been fluctuations in Xerox Holdings Corp's DOH over the past eight quarters, the recent decrease in Q4 2023 compared to the prior year could indicate some positive developments in the company's inventory management practices. However, ongoing monitoring of inventory levels and turnover rates is advisable to ensure operational efficiency and cost-effectiveness.
Peer comparison
Dec 31, 2023