Xylem Inc (XYL)
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 | 4.56 | 3.91 | 3.29 | 4.12 | 4.30 | 3.98 | 3.84 | 4.05 | 4.60 | 4.77 | 4.99 | 5.20 | 5.46 | 5.21 | 5.14 | 5.50 | 5.94 | 5.54 | 5.31 | 5.17 | |
| DOH | days | 79.96 | 93.46 | 110.90 | 88.49 | 84.83 | 91.61 | 95.04 | 90.05 | 79.35 | 76.56 | 73.16 | 70.22 | 66.86 | 70.04 | 70.95 | 66.31 | 61.42 | 65.89 | 68.72 | 70.66 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.56
= 79.96
The days of inventory on hand (DOH) for Xylem Inc have shown fluctuations over the past eight quarters. The trend indicates that Xylem has been able to improve its inventory management efficiency in Q4 2023 compared to the previous quarters. The DOH decreased from 93.46 days in Q3 2023 to 79.96 days in Q4 2023, indicating that the company is holding less inventory on hand. This improvement suggests that Xylem may be optimizing its inventory levels to reduce carrying costs and improve cash flow. However, it is important to monitor future quarters to ensure that this trend is sustainable and aligns with the company's overall business strategy.
Peer comparison
Dec 31, 2023