Avis Budget Group Inc (CAR)
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 | — | — | — | — | 9.60 | 6.24 | 5.64 | 7.14 | 8.84 | 12.04 | — | 10.68 | 15.35 | 15.71 | 19.76 | 18.29 | 15.57 | 13.92 | 12.85 | 14.21 | |
| DOH | days | — | — | — | — | 38.02 | 58.51 | 64.70 | 51.10 | 41.27 | 30.31 | — | 34.17 | 23.77 | 23.24 | 18.47 | 19.96 | 23.44 | 26.22 | 28.40 | 25.68 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
As the days of inventory on hand (DOH) data for Avis Budget Group Inc is not provided in the table, it is challenging to assess the company's efficiency in managing inventory levels over time. However, DOH is a critical ratio that indicates how many days, on average, a company holds its inventory before it is sold. A lower DOH implies faster turnover and better management of inventory, while a higher DOH suggests slower turnover and potential issues with excess or obsolete inventory.
To perform a thorough analysis, it would be necessary to calculate the DOH by dividing the average inventory by the cost of goods sold and then multiplying by the number of days in the period. This calculation would provide insights into the company's inventory management practices, supply chain efficiency, and potential liquidity concerns related to tying up capital in excess inventory.
In the absence of specific DOH data, it is recommended for stakeholders and investors to request this information directly from Avis Budget Group Inc or consult the company's financial reports for a more detailed assessment of its inventory management performance.
Peer comparison
Dec 31, 2023