Expedia Group Inc. (EXPE)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		—	24.13	4.94	3.91	8.01
DOH	days	—	15.13	73.85	93.46	45.58

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The days of inventory on hand (DOH) for Expedia Group Inc. provides insight into how efficiently the company manages its inventory. A higher DOH indicates that the company holds its inventory longer before selling it, which might signal potential issues such as slow-moving inventory or overstocking.

Examining the trend in Expedia's DOH from 2020 through 2024 reveals fluctuations in inventory management. The DOH increased significantly from 45.58 days in 2020 to 93.46 days in 2021, suggesting a possible build-up of excess inventory during that period. In 2022, the DOH decreased to 73.85 days, indicating some improvement in inventory turnover. However, the DOH dropped notably to 15.13 days in 2023, signifying a sharp increase in inventory turnover efficiency.

It is worth noting that the data for 2024 is not available (\u2014 days), indicating ambiguity regarding the DOH for that year. If this were a valid number, further analysis would be required to understand the implications of a potential negative DOH value.

In conclusion, the fluctuations in Expedia's DOH over the years suggest varying levels of inventory management efficiency. The company should strive to strike a balance in maintaining adequate inventory levels while ensuring swift turnover to avoid overstocking and potential obsolescence risks.