Century Communities Inc (CCS)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		0.15	0.16	0.16	28.66	0.15
DOH	days	2,451.25	2,343.40	2,301.19	12.74	2,368.64

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.15
= 2,451.25

The Days of Inventory on Hand (DOH) for Century Communities Inc have shown fluctuations over the past five years. In 2023, the DOH increased to 381.09 days from 306.56 days in 2022, indicating an increase in the number of days it takes for the company to sell its inventory. This could suggest potential inventory management challenges or slower inventory turnover compared to the previous year.

In 2021, the DOH was 283.04 days, showing an improvement from 2020 when it was 276.76 days. This indicates that the company was able to sell its inventory more efficiently in 2021. However, in 2019, the DOH was higher at 350.02 days, suggesting a longer period for inventory turnover compared to the more recent years.

Overall, the trend in Century Communities Inc's DOH shows some variability, with fluctuations in inventory turnover efficiency over the years. Further analysis would be needed to understand the factors driving these changes and to assess the impact on the company's operational performance and profitability.