Hasbro Inc (HAS)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 14.73 | 6.59 | 7.42 | 10.15 | 7.57 | |
| DOH | days | 24.79 | 55.42 | 49.18 | 35.95 | 48.23 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 14.73
= 24.79
The Days of Inventory on Hand (DOH) ratio for Hasbro, Inc. has fluctuated over the past five years, indicating variations in the company's inventory management efficiency.
In 2023, the DOH decreased to 71.03 days, signaling an improvement in inventory turnover compared to the previous year. This suggests that Hasbro managed to sell its inventory faster in 2023.
In 2022, the DOH was significantly higher at 129.21 days, reflecting slower inventory turnover. This could suggest potential issues with demand forecasting, production inefficiencies, or excess inventory levels during that period.
The DOH was at 104.55 days in 2021, indicating some improvement in inventory management compared to 2020 when it was at 84.01 days. This suggests that Hasbro may have optimized its inventory levels relative to sales during 2021.
In 2020, the DOH decreased to 84.01 days, possibly due to a more efficient inventory management system or adjustments in production and sales strategies.
In 2019, the DOH was at 90.07 days, showing relatively stable inventory turnover compared to the following years.
Overall, the trend in Hasbro's DOH ratio indicates fluctuations in inventory management efficiency, with improvements in some years and potential challenges in others. It is essential for the company to continue monitoring and optimizing its inventory levels to enhance operational efficiency and profitability.