Zurn Elkay Water Solutions Corporation (ZWS)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.18 | 2.23 | 2.91 | 5.50 | 4.00 | |
| DOH | days | 114.83 | 163.97 | 125.24 | 66.38 | 91.24 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.18
= 114.83
The days of inventory on hand (DOH) for Zurn Elkay Water Solutions Corporation have fluctuated over the past five years. In 2023, the company had 114.83 days of inventory on hand, which indicates that, on average, it takes approximately 114.83 days for the company to sell its inventory. This represents an improvement from the previous year, where the DOH was 163.97 days.
Comparing the DOH to previous years, in 2022 and 2021, the company had 163.97 days and 125.24 days of inventory on hand, respectively, indicating that the company held inventory for a longer period in 2022 than in 2021.
Further back in 2020 and 2019, the company's DOH was 66.38 days and 91.24 days, respectively. This suggests that the company was able to turn its inventory over more quickly in those years compared to the most recent years.
Overall, a declining trend in the DOH indicates that the company has become more efficient in managing its inventory, while an increasing trend may suggest potential issues such as overstocking or slowing sales. Monitoring this ratio helps assess the effectiveness of the company's inventory management practices.
Peer comparison
Dec 31, 2023