Graham Holdings Co (GHC)

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		11.45	11.09	10.28	9.89	10.55	10.72	11.21	11.25	11.72	11.93	13.22	14.42	14.95	20.49	15.70	14.26	15.84	15.56	16.24	17.40
DOH	days	31.88	32.90	35.51	36.92	34.58	34.06	32.57	32.45	31.15	30.60	27.61	25.32	24.42	17.81	23.25	25.60	23.05	23.46	22.47	20.98

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 11.45
= 31.88

The days of inventory on hand (DOH) for Graham Holdings Co have shown fluctuations over the past few years. The DOH increased from March 2020 to a peak in March 2024. This indicates that, on average, the company held its inventory for a longer period before it was sold.

In the latest period, December 2024, the DOH decreased slightly compared to the previous quarter, indicating a possible improvement in inventory management efficiency. However, the DOH is still higher than earlier periods, suggesting that the company may be carrying excess inventory relative to its sales volume.

Overall, a higher DOH can tie up cash flow in inventory and may indicate inefficiencies in inventory management or a slowdown in sales. It's important for Graham Holdings Co to monitor and optimize its inventory levels to ensure efficient operations and profitability.