Harley-Davidson Inc (HOG)
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 | 5.20 | 6.47 | 5.85 | 5.92 | 4.94 | 6.95 | 6.31 | 6.50 | 6.33 | 9.12 | 9.18 | 8.34 | 7.73 | 13.21 | 10.21 | 7.82 | 7.96 | 9.99 | 10.42 | 8.25 | |
| DOH | days | 70.26 | 56.38 | 62.42 | 61.68 | 73.83 | 52.52 | 57.88 | 56.16 | 57.66 | 40.03 | 39.77 | 43.74 | 47.24 | 27.62 | 35.74 | 46.65 | 45.84 | 36.52 | 35.04 | 44.25 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.20
= 70.26
To analyze Harley-Davidson, Inc.'s days of inventory on hand (DOH) over the past eight quarters, we observe fluctuations in the ratio. In Q4 2023, the company held inventory for an average of 95.63 days, representing an increase from the previous quarter (Q3 2023) of 78.07 days. This rise indicates a potential buildup of inventory, which might tie up working capital. Comparing Q4 2023 with the same quarter in the previous year (Q4 2022), the DOH decreased from 97.81 days to 95.63 days, showing a slight improvement in managing inventory levels.
Throughout the quarters, fluctuations in DOH are evident, with peaks and troughs occurring. For instance, in Q3 2022, the DOH was at its lowest point of 71.12 days, signifying a more efficient management of inventory during that period. However, in Q1 2023, the DOH increased to 82.28 days, indicating that the company might be experiencing challenges in swiftly converting inventory into sales.
The trend over the quarters suggests that Harley-Davidson, Inc. has been facing variability in managing its inventory levels. By keeping a close watch on the DOH figure, the company can better assess its inventory management efficiency, control costs related to excess inventory, and identify opportunities to improve operational performance in the future.
Peer comparison
Dec 31, 2023