Graham Holdings Co (GHC)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		0.07	-0.03	-0.13	0.39	-0.92
DOH	days	5,170.73	—	—	925.17	—

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.07
= 5,170.73

The days of inventory on hand (DOH) for Graham Holdings Co. have shown a gradual increase over the past 5 years, indicating a trend of slower inventory turnover. In 2019, the company had 19.65 days of inventory on hand, which has steadily increased to 34.96 days by the end of 2023. This suggests that the company is taking longer to sell its inventory, which could lead to higher carrying costs and potential obsolescence risks. Management may need to consider implementing strategies to improve inventory management efficiency to optimize working capital and profitability.