Century Communities Inc (CCS)

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		0.15	0.14	0.15	0.16	0.16	0.14	0.14	0.15	0.16	0.17	0.19	0.20	28.66	0.18	0.17	136.07	0.15	0.14	0.14	0.37
DOH	days	2,451.25	2,567.60	2,404.88	2,286.60	2,343.40	2,643.29	2,681.97	2,450.96	2,301.19	2,087.96	1,903.33	1,870.45	12.74	2,019.86	2,129.73	2.68	2,368.64	2,616.15	2,521.89	988.02

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 fluctuated over the past eight quarters. In Q4 2023, the company had 381.09 days' worth of inventory on hand, showing a slight decrease from the previous quarter. This indicates that the company may be holding onto inventory for a longer period, which could tie up working capital.

Comparing the DOH values over the quarters, there was a peak in Q3 2023 at 385.30 days, suggesting a potential inefficiency in managing inventory during that period. However, the DOH has generally been in a range between 300 to 350 days, with occasional deviations.

The trend indicates some variability in inventory management efficiency, as seen by the fluctuations in the number of days of inventory held. Further analysis would be beneficial to understand the reasons behind these fluctuations and whether adjustments are needed to optimize inventory levels for improved working capital management.