Cars.com Inc (CARS)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		32.92	45.82	49.15	194.37	133.24
DOH	days	11.09	7.97	7.43	1.88	2.74

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 32.92
= 11.09

Based on the provided data, the days of inventory on hand (DOH) for Cars.com are not available for the years 2019 to 2023. The absence of specific DOH figures restricts a detailed analysis of how efficiently Cars.com manages its inventory levels over time. DOH is a crucial ratio that indicates the number of days a company holds inventory before it is sold, reflecting inventory management effectiveness and liquidity.

Given that DOH is not provided, it is challenging to assess if Cars.com maintains a balanced inventory level in relation to its sales volume. A low DOH may suggest efficient inventory turnover, minimizing carrying costs and reducing the risk of obsolescence. Conversely, a high DOH could imply sluggish sales, potential overstocking, or difficulties in aligning inventory with customer demand.

In the absence of this specific ratio data, a holistic evaluation of Cars.com's inventory management practices and their impact on operational efficiency and profitability is limited. Additional information or access to DOH figures from these years would be essential to conduct a more in-depth analysis of Cars.com's inventory management performance.