Haverty Furniture Companies Inc (HVT)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 8.46 | 7.85 | 7.98 | 7.86 | 7.42 | |
| DOH | days | 43.15 | 46.48 | 45.72 | 46.45 | 49.20 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.46
= 43.15
The days of inventory on hand (DOH) for Haverty Furniture Companies Inc have shown a decreasing trend over the past five years. The company's inventory turnover has improved from 49.20 days at the end of 2019 to 43.15 days at the end of 2023. This indicates that the company is managing its inventory more efficiently, taking fewer days to sell its inventory on hand.
A lower DOH suggests that the company is effectively managing its inventory levels, reducing the risk of obsolete inventory and minimizing carrying costs. The decreasing trend in DOH is a positive indicator of operational efficiency and effective inventory management within Haverty Furniture Companies Inc.
Overall, the improvement in DOH over the years reflects positively on Haverty Furniture Companies Inc's ability to optimize its inventory levels and may lead to enhanced financial performance and profitability in the future.
Peer comparison
Dec 31, 2023