Walt Disney Company (DIS)

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		18.28	18.32	18.82	18.18	10.17	10.67	11.44	12.13	12.60	12.21	11.17	13.77	13.15	12.85	13.82	11.54	13.86
DOH	days	19.97	19.92	19.39	20.07	35.90	34.22	31.90	30.10	28.98	29.88	32.69	26.51	27.76	28.41	26.42	31.63	26.33

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 18.28
= 19.97

The days of inventory on hand (DOH) ratio for Walt Disney Company has shown fluctuations over the past five years. The company had a DOH of 35.90 days on December 31, 2022, indicating that it held its inventory for an average of approximately 36 days before selling it. This was followed by a decrease in the DOH to 34.22 days on September 30, 2022.

Subsequently, there was a noticeable decrease in the DOH ratio in the following quarters, reaching 19.39 days on June 30, 2023, suggesting that the company was able to turn its inventory over more quickly during that period. However, the DOH ratio slightly increased to 20.07 days on March 31, 2023.

Comparing the trend over the recent quarters, it is observed that Walt Disney Company has managed to reduce its DOH significantly compared to the higher levels seen in the past. A lower DOH typically indicates that the company is efficiently managing its inventory and is able to sell its products at a faster rate.

Further analysis and comparison with industry benchmarks or historical data could provide additional insights into the effectiveness of Walt Disney Company's inventory management strategies and operational efficiency.