Xylem Inc (XYL)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.56 | 4.30 | 4.60 | 5.46 | 5.94 | |
| DOH | days | 79.96 | 84.83 | 79.35 | 66.86 | 61.42 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.56
= 79.96
The Days of Inventory on Hand (DOH) of Xylem Inc has shown a fluctuating trend over the past five years. In 2023, the company had 79.96 days of inventory on hand, which decreased compared to the prior year but was higher than the levels observed in 2019 and 2020. This indicates that Xylem Inc was able to manage its inventory more efficiently in 2023 relative to 2022.
Overall, the company has experienced some variability in its inventory management efficiency, with DOH ranging from 61.42 days in 2019 to 84.83 days in 2022. It is important for Xylem Inc to continue monitoring and optimizing its inventory levels to ensure optimal utilization of resources and minimize carrying costs.
Peer comparison
Dec 31, 2023