Chuy's Holdings Inc (CHUY)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		166.40	135.96	150.96	159.22	185.51
DOH	days	2.19	2.68	2.42	2.29	1.97

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 166.40
= 2.19

The days of inventory on hand (DOH) for Chuy`s Holdings Inc has shown variability over the past five years. In 2023, the company's DOH was 5.69 days, representing a decrease from the previous year where it was 6.57 days. This indicates that the company was able to sell its inventory more quickly in 2023 compared to 2022.

Looking further back, in 2021 and 2020, the DOH figures were 6.34 days and 6.69 days respectively, showing a relatively stable performance in managing inventory levels. However, in 2019, the DOH was lower at 5.49 days, suggesting that the company managed its inventory even more efficiently that year.

Overall, the trend in Chuy`s Holdings Inc's DOH indicates fluctuations in inventory management efficiency over the years. A lower DOH signifies that the company is able to sell its inventory faster, which can positively impact cash flow and ultimately profitability. Monitoring and improving inventory turnover ratios can be beneficial for optimizing working capital management and enhancing operational performance.