Avis Budget Group Inc (CAR)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | 4.88 | 7.37 | 10.47 | |
| DOH | days | — | — | 74.78 | 49.55 | 34.85 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) for Avis Budget Group Inc has shown an increasing trend over the years. In December 31, 2020, the company had an inventory holding period of 34.85 days, which increased to 49.55 days by December 31, 2021, and further rose to 74.78 days by December 31, 2022.
The significant rise in DOH from 2020 to 2022 indicates that Avis Budget Group Inc is holding onto its inventory for a longer period, which may suggest inefficiencies in inventory management, potential overstocking, or slower inventory turnover.
Given that the data is not available for 2023 and 2024, it is important for stakeholders to monitor the company's inventory management practices in the upcoming periods to ensure efficient use of resources and timely turnover of inventory.
Peer comparison
Dec 31, 2024