Acushnet Holdings Corp (GOLF)
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 | 2.20 | 2.27 | 2.35 | 2.12 | 1.84 | 2.18 | 2.01 | 1.76 | 1.62 | 2.02 | 2.30 | 2.34 | 2.49 | 3.11 | 3.30 | 2.56 | 2.19 | 2.40 | 2.01 | 2.21 | |
| DOH | days | 165.62 | 160.48 | 155.44 | 171.77 | 198.30 | 167.80 | 181.88 | 207.80 | 225.70 | 180.82 | 158.99 | 156.24 | 146.54 | 117.23 | 110.55 | 142.67 | 166.88 | 152.13 | 181.21 | 165.39 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.20
= 165.62
Based on the data provided, Acushnet Holdings Corp's days of inventory on hand (DOH) has fluctuated over the analyzed period. The DOH measures how many days on average it takes for the company to sell its inventory. A lower number indicates efficient inventory management, while a higher number suggests slower turnover.
Initially, in March 2020, the company had 165.39 days of inventory on hand, indicating a relatively high level of inventory relative to sales. Subsequently, the DOH increased to 181.21 days by June 2020, suggesting a slowdown in inventory turnover. However, the trend reversed as the DOH decreased to 142.67 days by March 2021, indicating improved efficiency in managing inventory.
The DOH continued to fluctuate over the years, with the lowest point of 110.55 days in June 2021, suggesting a significant improvement in inventory turnover. However, by December 2022, the DOH peaked at 225.70 days, indicating a potential buildup of excess inventory. The trend reversed slightly in the following periods, but the company still showed elevated levels of inventory on hand.
Overall, Acushnet Holdings Corp should focus on optimizing inventory management to maintain a balance between holding enough inventory to meet demand while avoiding excess stock. High DOH levels can tie up capital and increase storage costs, potentially impacting the company's financial performance. Regular monitoring and adjustments to inventory levels can help improve efficiency and profitability in the long run.
Peer comparison
Dec 31, 2024