Hasbro Inc (HAS)
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 | 10.57 | 4.50 | 3.99 | 3.68 | 4.48 | 4.75 | 4.69 | 6.26 | 7.24 | 5.08 | 5.50 | 6.05 | 7.01 | 5.23 | 4.80 | 6.07 | 5.28 | 4.15 | 4.32 | 4.94 | |
| DOH | days | 34.53 | 81.10 | 91.37 | 99.17 | 81.56 | 76.83 | 77.83 | 58.32 | 50.43 | 71.82 | 66.33 | 60.33 | 52.09 | 69.86 | 76.01 | 60.18 | 69.08 | 88.04 | 84.41 | 73.86 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 10.57
= 34.53
Days of Inventory on Hand (DOH) is a key financial metric used to assess how efficiently a company manages its inventory levels. A lower DOH implies that a company is selling goods quickly and not holding excess inventory, which can tie up cash flow and increase holding costs.
Analyzing Hasbro, Inc.'s DOH over the past eight quarters reveals some fluctuations in inventory management. In Q4 2023, Hasbro had 71.03 days of inventory on hand, which was significantly lower compared to the previous quarters. This could indicate effective inventory management strategies, such as improving demand forecasting or streamlining production processes.
In Q3 2023, the DOH spiked to 131.65 days, the highest level in the data set. This increase suggests potential challenges such as overstocking or slower sales, which could impact profitability and liquidity. However, the subsequent quarters showed a decrease in DOH, indicating efforts to reduce excess inventory levels.
Overall, Hasbro's DOH has shown variability over the quarters, indicating potential fluctuations in demand, production delays, or inventory management strategies. Investors and stakeholders should monitor this metric closely to assess the company's operational efficiency and ability to adapt to changing market conditions.