Cars.com Inc (CARS)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		—	17.67	13.72	14.62	15.64
DOH	days	—	20.66	26.60	24.96	23.33

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The days of inventory on hand (DOH) for Cars.com Inc have shown fluctuations over the past few years:

1. As of December 31, 2020, the DOH was 23.33 days, indicating that on average, the company held its inventory for approximately 23 days before selling it.

2. By December 31, 2021, the DOH increased to 24.96 days, suggesting a slight increase in the time it took for the company to turn its inventory into sales.

3. The trend continued in the following years, with the DOH rising to 26.60 days by December 31, 2022, indicating a further delay in converting inventory into revenue.

4. However, there was a notable improvement by December 31, 2023, as the DOH decreased to 20.66 days, reflecting a more efficient management of inventory turnover.

5. The data for December 31, 2024, is unavailable (marked as "— days"), making it difficult to assess the current status of inventory turnover.

Overall, the fluctuations in the DOH figures suggest varying levels of inventory management efficiency by Cars.com Inc over the years, with a significant improvement in 2023. Monitoring this ratio can provide insights into the company's inventory management practices and operational performance.