Crocs Inc (CROX)
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 | 7.66 | 7.48 | 6.58 | 5.95 | 5.78 | 4.72 | 4.24 | 4.55 | 7.72 | 7.37 | 6.85 | 6.43 | 6.78 | 6.29 | 7.34 | 5.69 | 6.49 | 7.82 | 7.94 | 7.53 | |
| DOH | days | 47.67 | 48.78 | 55.51 | 61.37 | 63.19 | 77.40 | 86.16 | 80.27 | 47.31 | 49.52 | 53.25 | 56.80 | 53.82 | 58.04 | 49.70 | 64.12 | 56.20 | 46.66 | 45.99 | 48.48 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.66
= 47.67
Crocs Inc's days of inventory on hand (DOH) has demonstrated a decreasing trend over the past eight quarters, indicating an improvement in inventory management efficiency. In Q4 2023, the company held inventory for an average of 80.20 days, a slight decrease from Q3 2023's 80.38 days. This trend continues from Q2 2023 and Q1 2023, where DOH was 90.92 days and 98.33 days, respectively.
Comparing to the same quarter of the previous year, there has been a significant improvement in inventory management. In Q4 2022, Crocs Inc had an average DOH of 101.56 days, which has reduced continuously from Q3 2022 (128.40 days), Q2 2022 (147.29 days), and Q1 2022 (145.63 days).
The decreasing trend in DOH indicates that Crocs Inc is effectively managing its inventory levels, possibly by optimizing production processes, implementing better inventory control measures, or improving demand forecasting. This could lead to cost savings, reduced storage costs, lower risk of obsolete inventory, and potentially increased profitability.
Peer comparison
Dec 31, 2023