Choice Hotels International Inc (CHH)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		9.20	—	—	—	—
DOH	days	39.69	—	—	—	—

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.20
= 39.69

Given the data provided, Choice Hotels International Inc's days of inventory on hand (DOH) for the year ended December 31, 2023, was 39.69 days. Unfortunately, historical data for the previous years is missing, limiting the ability to conduct a trend analysis or year-over-year comparison.

DOH is a metric that measures how many days, on average, a company holds onto its inventory before selling it. A lower DOH indicates efficient inventory management, as it implies that inventory is moving quickly and not sitting idle. Conversely, a higher DOH may suggest inefficiencies in inventory management, leading to increased carrying costs and potentially obsolete inventory.

In this case, with a DOH of 39.69 days for 2023, further analysis would be required to determine if this level is optimal for Choice Hotels International Inc's industry and business model. Comparing this figure to industry benchmarks and historical data (if available) can provide insights into the company's inventory management efficiency and operational effectiveness.