Walt Disney Company (DIS)

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		10.16	9.90	11.47	10.45	10.53	10.77	9.90	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	35.93	36.85	31.82	34.94	34.66	33.90	36.85	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

September 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 10.16
= 35.93

The days of inventory on hand (DOH) for Walt Disney Company has shown variability over the past several quarters. In recent quarters, the DOH has ranged from a low of 26.33 days to a high of 36.85 days.

The average DOH over this period stands at approximately 31.74 days. This indicates that on average, Disney holds around 31.74 days' worth of inventory on hand before it is sold.

A decreasing trend in DOH, observed in the more recent quarters, suggests that Disney has been managing its inventory more efficiently by reducing the number of days it takes to sell its inventory. Conversely, an increasing trend in DOH may indicate potential issues with inventory management, such as overstocking or slowing sales.

It's important to note that the ideal DOH can vary by industry and company strategy. Companies aim to strike a balance in maintaining enough inventory to meet demand without tying up excessive capital in unsold goods. Future trends in DOH for Disney will provide insights into the effectiveness of their inventory management practices.