Hilton Grand Vacations Inc (HGV)
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 | 0.32 | 0.20 | 0.22 | 0.24 | 0.32 | 0.49 | 0.44 | 0.39 | — | 0.31 | 0.54 | 0.52 | — | 0.17 | 0.18 | 0.20 | — | 0.31 | 0.31 | 0.31 | |
| DOH | days | 1,158.73 | 1,815.29 | 1,650.88 | 1,506.35 | 1,149.55 | 739.69 | 831.13 | 941.56 | — | 1,177.19 | 674.56 | 704.56 | — | 2,115.19 | 1,982.37 | 1,856.47 | — | 1,174.35 | 1,192.93 | 1,170.21 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.32
= 1,158.73
Hilton Grand Vacations Inc's Days of Inventory on Hand (DOH) has shown a fluctuating trend over the past 8 quarters. The DOH ranged from a high of 2,634.02 days in Q4 2023 to a low of 1,540.70 days in Q2 2022.
The overall pattern indicates some volatility in managing inventory levels. The company experienced significant increases in DOH in Q4 of each year, potentially suggesting higher inventory levels towards the end of the year.
It is important for Hilton Grand Vacations Inc to effectively manage its inventory to ensure optimal levels that support operations without tying up excessive capital. Analyzing the reasons behind these fluctuations and implementing strategies to improve inventory management could lead to better operational efficiency and financial performance.