Callaway Golf Company (MODG)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 1.40 | 1.09 | 1.65 | 4.93 | 3.54 | |
| DOH | days | 260.19 | 334.81 | 220.65 | 74.04 | 103.14 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.40
= 260.19
The days of inventory on hand (DOH) for Topgolf Callaway Brands Corp has fluctuated over the past five years. In 2023, the company had 177.81 days of inventory on hand, which was a decrease from the previous year's 220.94 days. This indicates that the company was more efficient in managing its inventory in 2023 compared to 2022.
Looking back further, in 2021, Topgolf Callaway Brands Corp had 153.30 days of inventory on hand, which was lower than the 2020 figure of 138.09 days. However, the DOH increased in 2019 to 178.40 days.
Overall, the trend in the days of inventory on hand for Topgolf Callaway Brands Corp has shown some variability, with fluctuations in inventory management efficiency over the past five years. Efforts to regularly monitor and optimize inventory levels may help the company improve its operational performance and enhance its overall financial health.
Peer comparison
Dec 31, 2023