Etsy Inc (ETSY)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | |
| DOH | days | — | — | — | — | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
To analyze Etsy Inc's Days of Inventory on Hand (DOH), we need the following formula:
DOH = (Average Inventory / Cost of Goods Sold) x Number of Days in the Period
However, without specific values for Average Inventory and Cost of Goods Sold for each year, we cannot calculate the DOH ratio. This ratio measures how many days, on average, it takes for a company to sell its inventory. A lower DOH reflects efficient inventory management, as it indicates that inventory is being sold quickly.
To evaluate Etsy Inc's inventory management performance over the years, we would need to compare the DOH ratio for each year. A decreasing trend in DOH would suggest improvements in inventory turnover efficiency, while an increasing trend could indicate potential issues in managing inventory levels.
In conclusion, without the necessary data points, a detailed analysis of Etsy Inc's Days of Inventory on Hand is not feasible at this moment.
Peer comparison
Dec 31, 2023