Duolingo Inc (DUOL)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Inventory turnover | — | 2.84 | — | |
| DOH | days | — | 128.63 | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
To analyze Duolingo Inc's days of inventory on hand (DOH) based on the provided data, we can calculate the DOH for the years with available information.
1. Dec 31, 2022:
DOH (2022) = 128.63 days
2. Dec 31, 2021:
Given data is not available for 2021.
Calculating the change in DOH between 2022 and 2021:
Change in DOH = DOH (2022) - DOH (2021)
Change in DOH = 128.63 days - 0 days
Change in DOH = 128.63 days
Analysis:
Duolingo Inc's days of inventory on hand increased significantly from 0 days in 2021 to 128.63 days in 2022. This indicates that the company held inventory for a longer period in 2022, which may suggest inefficiencies in managing inventory levels or slower inventory turnover. A higher DOH can tie up capital in inventory and potentially lead to increased holding costs or obsolescence risk.
Further analysis and comparison with industry benchmarks or historical trends could provide additional insights into Duolingo Inc's inventory management efficiency and operational performance.
Peer comparison
Dec 31, 2023