Crocs Inc (CROX)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 8.78 | 7.66 | 5.78 | 7.72 | 6.78 | |
| DOH | days | 41.58 | 47.67 | 63.19 | 47.31 | 53.82 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.78
= 41.58
The days of inventory on hand (DOH) for Crocs Inc has fluctuated over the years based on the provided data.
In December 31, 2020, the company held inventory for an average of approximately 53.82 days before it was sold. This ratio decreased to around 47.31 days by December 31, 2021, suggesting an improvement in inventory turnover efficiency.
However, by December 31, 2022, the days of inventory on hand increased to 63.19 days, which may indicate slower inventory turnover or potentially higher inventory levels. This trend reversed in the following year, with the DOH decreasing to 47.67 days by December 31, 2023.
As of December 31, 2024, Crocs Inc managed to further reduce its days of inventory on hand to around 41.58 days, reflecting a positive trend towards more efficient inventory management.
Overall, the company's performance in managing its inventory levels has shown variability over the years, with fluctuations in DOH possibly influencing working capital management and operational efficiency.
Peer comparison
Dec 31, 2024