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Dover Corporation  (DOV)
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Dover Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Dover Corporation inventory turnover ratio, the Dover Corporation's ability to sell and replace its inventory in the forth quarter 2023, sequentially increased to 4.03 in the fourth quarter 2023, yet the ratio remained below the average, as DOV's market remain challenging.Average inventory processing period, for the Dover in Dec 31 2023 quarter, has decreased to 91 days, compare to 92 days, in the Sep 30 2023 quarter.

Within Capital Goods sector 66 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 55 in the third quarter 2023, to 153.

DOV Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Dover Corporation Market Share?

What is Inventory Turnover Ratio?


DOV Inventory Turnover Ratio (Dec 31 2023)
IV. Quarter		 (Sep 30 2023)
III. Quarter		 (Jun 30 2023)
II. Quarter		 (Mar 31 2023)
I. Quarter		 (Dec 31 2022)
IV. Quarter
Y / Y Inventory Growth -10.33 % -9.09 % 1.06 % 6.28 % 14.74 %
Y / Y Cost of Sales Growth -3.87 % -1.84 % -2.63 % 1.78 % 8.29 %
Inventory Turnover Ratio (TTM) 4.03 3.97 3.9 3.93 3.98
DOV's Total Ranking # 153 # 55 # 604 # 604 # 945
Average inventory processing period 90 92 94 93 92
Seq. Inventory Growth -4.25 % -8.34 % -0.65 % 2.84 % -2.93 %
Seq. Cost of Sales Growth -2.96 % 1.4 % 0.69 % -2.98 % -0.92 %

New: More DOV's historic Inventory Turnover Ratios >>


Inventory Turnover Ratio Company Ranking
Within: No.
Industrial Machinery and Components Industry # 28
Capital Goods Sector # 67
Overall Market # 153

Inventory Turnover Ratio Statistics
High Average Low
7.01 5.54 3.9
(Dec. 31, 2008)   (Jun 30 2023)



DOV Company Profile >> Back to DOV Efficiency Comparisons >> Compare DOV Inventory Turnover Ratio to its Competitors

Financial Statements
Dover's Inventories $ 1,225 Millions Visit DOV's Balance sheet
Dover's Cost of Revenues TTM $ 5,353 Millions Visit DOV's Income Statement
What are DOV's Sales? Visit DOV's Sales by Segment

Other Inventory Turnover Ratios
Dover's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Industrial Machinery and Components Industry Inventory Turnover Trends and Statistics
Capital Goods Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
DOV's Inventory Turnover Ratio versus Industrial Machinery and Components Industry, Capital Goods Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for DOV's Competitors
Inventory Turnover Ratio for DOV's Suppliers
Inventory Turnover Ratio for DOV's Customers

You may also want to know
DOV's Sales Growth Rates DOV's Pe Price to earnings ratio DOV's Receivables Turnover Ratio DOV's Stock Quote
DOV's Net Income Growth Rates DOV's Ps Price to Sales ratio DOV's Sales per Employee DOV's Asset Turnover Ratio
DOV's Net Margin DOV's Pb Price to Book ratio DOV's Financial Strength Ratios DOV's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Dec 31 2023, within Capital Goods Sector Inventory Turnover Ratio Cost of revenues at quarter ending Dec 31 2023 Inventories at quarter ending Dec 31 2023
Installed Building Products Inc   11.26 $ 1,847.000  Millions$ 164  Millions
Shapeways Holdings Inc   10.50 $ 19.000  Millions$ 2  Millions
Trio tech International  9.84 $ 29.628  Millions$ 3  Millions
Greystone Logistics Inc   9.79 $ 48.630  Millions$ 5  Millions
Topbuild Corp  9.39 $ 3,590.000  Millions$ 382  Millions
Powell Industries Inc   9.11 $ 588.606  Millions$ 65  Millions
Symbotic Inc   7.67 $ 1,113.882  Millions$ 145  Millions
Blue Bird Corporation  7.61 $ 1,019.943  Millions$ 134  Millions
Oil dri Corporation Of America  7.31 $ 309.291  Millions$ 42  Millions
Sci Engineered Materials inc   7.24 $ 22.000  Millions$ 3  Millions
L3harris Technologies Inc   6.59 $ 10,228.000  Millions$ 1,552  Millions
Stem Inc   6.50 $ 457.000  Millions$ 70  Millions
Wabash National Corporation  6.42 $ 2,038.000  Millions$ 318  Millions
John Bean Technologies Corporation  6.15 $ 1,622.600  Millions$ 264  Millions
Applied Industrial Technologies Inc   6.12 $ 3,147.603  Millions$ 514  Millions
Leonardo Drs Inc   5.99 $ 2,178.000  Millions$ 364  Millions
Johnson Controls International Plc  5.97 $ 17,510.000  Millions$ 2,931  Millions
Miller Industries inc   5.74 $ 1,001.000  Millions$ 175  Millions
Cavco Industries Inc   5.62 $ 1,402.526  Millions$ 250  Millions
Nn Inc   5.56 $ 419.175  Millions$ 75  Millions
Array Technologies Inc   5.53 $ 1,161.000  Millions$ 210  Millions
Owens Corning  5.53 $ 6,994.000  Millions$ 1,265  Millions
Winnebago Industries Inc   5.46 $ 2,759.200  Millions$ 506  Millions
Carrier Global Corporation  5.38 $ 13,831.000  Millions$ 2,570  Millions
Malibu Boats Inc   5.34 $ 918.316  Millions$ 172  Millions
Donaldson Company Inc   5.27 $ 2,279.000  Millions$ 433  Millions
Eos Energy Enterprises Inc   5.26 $ 89.798  Millions$ 17  Millions
Kratos Defense and Security Solutions inc   5.24 $ 768.000  Millions$ 147  Millions
Thor Industries Inc   5.06 $ 8,869.252  Millions$ 1,752  Millions
Illinois Tool Works Inc  5.02 $ 9,316.000  Millions$ 1,857  Millions

Date modified: 2024-02-12T16:52:36+00:00



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