Expedia Group Inc. (EXPE)

Days of inventory on hand (DOH)

		Dec 31, 2024	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
Inventory turnover		—	—	—	17.80	6.13	6.59	3.65	3.64	4.94	4.69	2.88	2.84	3.91	3.74	2.04	2.20	8.01	7.94	3.91	5.76
DOH	days	—	—	—	20.50	59.51	55.42	100.13	100.22	73.85	77.84	126.93	128.32	93.46	97.53	179.29	165.92	45.58	45.95	93.46	63.39

December 31, 2024 calculation

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

Days of Inventory on Hand (DOH) is a financial ratio that measures how many days, on average, a company holds its inventory before selling it. A lower DOH indicates more efficient inventory management, while a higher DOH suggests slower turnover or potential inventory management issues.

Analyzing the DOH trend of Expedia Group Inc. over the period from March 31, 2020, to December 31, 2024, we observe fluctuations in inventory holding periods. The DOH increased from 63.39 days on March 31, 2020, to a peak of 179.29 days on June 30, 2021, indicating a significant slowdown in inventory turnover. This spike could be attributed to various factors such as overstocking, demand fluctuations, or supply chain disruptions.

Subsequently, there was a gradual decline in DOH, with a notable improvement by December 31, 2023, with 59.51 days. This reduction suggests that Expedia Group made efforts to streamline its inventory management processes and optimize its inventory levels.

However, the most recent data point available as of June 30, 2024, shows a missing value, which makes it challenging to assess the current inventory holding period.

Overall, monitoring the DOH trend is crucial for assessing Expedia Group's effectiveness in managing its inventory levels efficiently. It is essential for the company to strike a balance between carrying enough inventory to meet customer demand and minimizing excess inventory to enhance liquidity and profitability.