Grocery Outlet Holding Corp (GO)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 11.02 | 10.32 | 10.79 | 12.19 | 11.21 | |
| DOH | days | 33.14 | 35.36 | 33.83 | 29.94 | 32.55 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 11.02
= 33.14
The days of inventory on hand (DOH) for Grocery Outlet Holding Corp have shown some fluctuations over the years. In 2023, the company had 33.14 days of inventory on hand, showing a slight decrease from 35.36 days in 2022. This indicates that the company managed its inventory more efficiently in 2023 compared to the previous year.
Looking further back, in 2021, the DOH was 33.83 days, slightly lower than in 2020 when it was 29.94 days. The increase in DOH from 2020 to 2021 suggests that the company may have held more inventory relative to its sales during that period.
However, comparing the most recent data to 2019, we see a decrease in DOH from 32.55 days to 33.14 days in 2023, indicating that the company has improved its inventory management over the past few years.
Overall, while there have been fluctuations in the days of inventory on hand for Grocery Outlet Holding Corp, the trend has shown some level of improvement in inventory management efficiency in recent years. Further analysis and comparison with industry benchmarks would provide additional insights into the company's inventory management practices.
Peer comparison
Dec 31, 2023