Cars.com Inc (CARS)

Days of inventory on hand (DOH)

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Inventory turnover — — — — 9.74 8.88 11.67 10.29 13.72 10.94 10.19 13.41 14.62 11.26 13.08 10.38 15.64 9.32 13.96 12.36
DOH days — — — — 37.49 41.12 31.28 35.47 26.60 33.36 35.83 27.21 24.96 32.42 27.89 35.15 23.33 39.16 26.16 29.54

December 31, 2024 calculation

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

Based on the data provided, the days of inventory on hand (DOH) for Cars.com Inc fluctuated over the observed period. The DOH ranged from a low of 23.33 days on December 31, 2020, to a high of 41.12 days on September 30, 2023.

On average, the company held inventory for approximately 30 days, with quarterly variations reflecting changes in inventory management efficiency. A lower DOH indicates that the company is selling its inventory quickly, while a higher DOH suggests that inventory turnover may be slower.

Monitoring and analyzing the DOH is crucial for assessing how effectively the company manages its inventory levels. Companies typically aim to strike a balance between holding enough inventory to meet customer demand without incurring excessive carrying costs.

It would be helpful for stakeholders to compare the DOH of Cars.com Inc to industry benchmarks and historical trends within the company to gain a better understanding of its inventory management practices and efficiency.