DR Horton Inc (DHI)

Days of inventory on hand (DOH)

		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	Dec 31, 2019
Inventory turnover		1.09	1.08	1.10	1.10	1.17	1.10	1.06	1.04	1.06	1.01	1.07	1.12	1.21	1.18	1.23	1.22	1.26	1.19	1.17	1.18
DOH	days	333.37	338.95	331.91	330.78	312.76	333.02	344.31	350.69	344.03	361.35	340.87	324.53	302.27	308.41	296.49	298.13	290.55	305.54	313.16	309.04

September 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.09
= 333.37

The days of inventory on hand (DOH) for DR Horton Inc fluctuated over the reporting periods analyzed. The DOH ranged from a low of 290.55 days on Dec 31, 2020, to a high of 361.35 days on Jun 30, 2022. Generally, a lower DOH indicates that the company is managing its inventory efficiently, while a higher DOH suggests that the company may be holding excess inventory.

The trend in DOH for DR Horton Inc shows some variability, with periods of increase followed by periods of decrease. Specifically, there was a notable increase in DOH from Jun 30, 2022, to Dec 31, 2022, before declining in subsequent periods. The DOH also peaked on Dec 31, 2022, at 350.69 days but decreased gradually in the following reporting periods.

Overall, the analysis of DR Horton Inc's DOH indicates fluctuations in inventory management efficiency over the periods reviewed. It would be beneficial for the company to closely monitor and optimize its inventory levels to maintain a balance between meeting customer demand and avoiding excess inventory holdings.