Harley-Davidson Inc (HOG)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.53 | 4.35 | 3.58 | 5.08 | 5.79 | |
| DOH | days | 80.59 | 83.82 | 101.98 | 71.79 | 63.06 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.53
= 80.59
From the data provided, the Days of Inventory on Hand (DOH) for Harley-Davidson Inc has shown a fluctuating trend over the past five years. In December 31, 2020, the company held inventory for an average of 63.06 days, which increased to 71.79 days by December 31, 2021. Subsequently, there was a significant jump in inventory holding period to 101.98 days by December 31, 2022.
However, Harley-Davidson managed to decrease its DOH to 83.82 days by December 31, 2023, and further down to 80.59 days by the end of December 31, 2024. This reduction indicates that the company could be managing its inventory more efficiently in the latter years compared to 2022.
Overall, the trend in inventory management suggests some volatility, indicating that Harley-Davidson may have experienced challenges in optimally managing its inventory levels in recent years. Further analysis of the underlying factors affecting inventory management would be beneficial to understand the implications of these fluctuations on the company's operations and financial performance.
Peer comparison
Dec 31, 2024