The Chefs Warehouse Inc (CHEF)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 23, 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 | 11.79 | 10.25 | 10.20 | 9.97 | 10.32 | 12.16 | 11.88 | 12.84 | 12.14 | 9.25 | 8.34 | 8.28 | 9.00 | 10.61 | 11.03 | 9.37 | 9.67 | 9.85 | 9.61 | 10.12 | |
| DOH | days | 30.95 | 35.61 | 35.78 | 36.62 | 35.38 | 30.02 | 30.73 | 28.42 | 30.06 | 39.47 | 43.79 | 44.09 | 40.55 | 34.42 | 33.08 | 38.96 | 37.76 | 37.07 | 38.00 | 36.05 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 11.79
= 30.95
The days of inventory on hand (DOH) for The Chefs Warehouse Inc have exhibited some fluctuations over the past few years. From December 2019 to March 2020, the DOH remained relatively stable around 37 days. However, there was a slight decrease to about 34 days by September 2020 before increasing to around 40 days by June 2021.
The trend then shifted, with the DOH decreasing consistently to around 28 days by March 2022. Subsequently, there was a slight increase in inventory holding periods to approximately 36 days by December 2022.
However, in the most recent data available, the DOH has shown a relatively stable level at around 30-36 days from September 2022 to December 2023. This suggests a reasonable level of inventory management efficiency, with the company potentially keeping adequate stock levels while avoiding excessive inventory holding costs.
Further analysis of the company's inventory turnover ratio and comparisons to industry benchmarks could provide additional insights into the effectiveness of The Chefs Warehouse Inc's inventory management practices.
Peer comparison
Dec 31, 2023