Columbia Sportswear Company (COLM)

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		4.29	3.69	2.77	3.32	3.01	2.84	2.97	3.95	4.18	3.09	2.82	2.93	2.30	1.69	1.74	2.61	2.52	2.08	1.91	2.74
DOH	days	85.13	98.88	131.54	110.05	121.28	128.63	122.88	92.45	87.34	118.28	129.47	124.59	158.99	216.46	209.89	139.93	144.86	175.31	190.98	133.26

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.29
= 85.13

The days of inventory on hand (DOH) for Columbia Sportswear Co. has shown fluctuations over the past eight quarters. In Q4 2023, the company had 155.01 days of inventory on hand, which decreased from 178.20 days in Q3 2023. This indicates that the company was able to manage its inventory more efficiently in the most recent quarter.

The DOH reached a peak of 235.20 days in Q2 2023, reflecting a significant increase compared to the other quarters. This suggests that the company may have faced challenges in managing its inventory levels during that period.

Overall, Columbia Sportswear Co. has shown variability in its DOH over the past two years, with fluctuations in inventory management efficiency. It would be important for the company to analyze the factors contributing to these fluctuations and implement strategies to optimize its inventory levels going forward.