Chipotle Mexican Grill Inc (CMG)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Inventory turnover		147.04	139.30	190.50	171.98	160.46	151.32	164.76	166.96	158.73	165.77	185.57	177.09	154.97	167.69	182.30	179.16	158.94	117.51	119.51	125.37
DOH	days	2.48	2.62	1.92	2.12	2.27	2.41	2.22	2.19	2.30	2.20	1.97	2.06	2.36	2.18	2.00	2.04	2.30	3.11	3.05	2.91

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 147.04
= 2.48

The days of inventory on hand (DOH) for Chipotle Mexican Grill Inc have shown some fluctuations over the past few years. The company has generally maintained a low DOH figure, indicating efficient management of inventory levels.

From March 31, 2020, to June 30, 2022, Chipotle's DOH remained within a narrow range of 1.97 to 3.11 days, suggesting a stable inventory management strategy. However, there was a notable decrease in DOH from March 31, 2021, to June 30, 2022, signaling an improvement in inventory turnover efficiency.

In the later periods, Chipotle experienced some variations in its DOH figures, with values ranging from 1.92 to 2.62 days as of September 30, 2024. While the DOH increased slightly towards the end of the period, it still remained at relatively low levels compared to industry averages.

Overall, the trend in Chipotle's DOH indicates a reasonably effective inventory management approach, allowing the company to minimize holding costs and ensure a steady supply of goods to meet customer demand.