Hilton Grand Vacations Inc (HGV)
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 | 0.37 | 0.24 | 0.27 | 0.27 | 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 | |
| DOH | days | 997.64 | 1,521.74 | 1,359.24 | 1,341.80 | 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 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.37
= 997.64
The days of inventory on hand (DOH) ratio for Hilton Grand Vacations Inc has exhibited fluctuations over the various reporting periods. The DOH provides insight into how long, on average, the company holds onto its inventory before selling it.
From March 31, 2020, to December 31, 2021, there were instances where specific periods did not have available data for the calculation of the DOH ratio. This could be due to various reasons such as changes in the company's reporting practices or adjustments in inventory management.
In terms of trends, the DOH ratio decreased significantly from a high of 2,115.19 days on September 30, 2020, to a low of 674.56 days on June 30, 2021. This decline may suggest improvements in inventory management efficiency, as the company reduced the number of days it took to sell its inventory.
However, the ratio started to increase again after June 30, 2021, reaching 1,650.88 days on June 30, 2023, before declining slightly in the subsequent periods. This fluctuation indicates potential challenges in managing inventory levels effectively and may warrant further investigation to identify the underlying causes.
Overall, the DOH ratio for Hilton Grand Vacations Inc has shown variability over the reporting periods, reflecting changing inventory management dynamics within the company. Further analysis and comparison with industry benchmarks could provide additional insights into the company's inventory practices and efficiency.