Hyatt Hotels Corporation (H)

Days of inventory on hand (DOH)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		93.44	85.00	85.70	79.90	85.11	71.33	68.88	64.00	44.00	48.11	48.22	60.33	55.33	34.50	44.09	32.00	38.42	40.42	43.77	44.86
DOH	days	3.91	4.29	4.26	4.57	4.29	5.12	5.30	5.70	8.30	7.59	7.57	6.05	6.60	10.58	8.28	11.41	9.50	9.03	8.34	8.14

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 93.44
= 3.91

To analyze the days of inventory on hand (DOH) trend for Hyatt Hotels Corporation, we examine the historical data provided. DOH represents the average number of days that inventory is held by the company before it is sold. A lower DOH value indicates efficient inventory management, as products are being sold quickly and not staying in storage for an extended period of time.

From the data, we observe that the DOH fluctuates quarter by quarter over the past eight quarters. In Q4 2023, the DOH was recorded at 0.79 days, the lowest figure among the listed quarters. This suggests that in the most recent period, Hyatt Hotels Corporation was able to rapidly convert its inventory into sales.

The trend shows some variability with a general downward movement in DOH from Q1 2022 to Q4 2023. This indicates potential improvement in inventory management efficiency, leading to quicker turnover of inventory.

Overall, the decreasing trend in DOH over the observed periods is a positive sign for Hyatt Hotels Corporation, as it implies effective control over inventory levels and the ability to adapt to market demands swiftly. This trend indicates the company's ability to efficiently manage its inventory and maintain a lean operating structure.