Callaway Golf Company (MODG)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.39 | 1.40 | 1.09 | 1.65 | 4.93 | |
| DOH | days | 107.58 | 260.19 | 334.81 | 220.65 | 74.04 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.39
= 107.58
Based on the data provided, Callaway Golf Company's days of inventory on hand (DOH) has shown significant fluctuations over the past five years.
In December 2020, the company had an inventory turnover rate of 74.04 days, which increased substantially to 220.65 days by December 2021. This suggests that the company may have experienced challenges in managing its inventory efficiently, leading to a longer time to sell its products.
In the following years, there were further fluctuations in the DOH ratio, with a sharp increase to 334.81 days by December 2022, indicating a potential overstocking issue. However, by December 2024, the DOH ratio decreased to 107.58 days, which may suggest improved inventory management or a more effective sales strategy.
Overall, the significant variations in Callaway Golf Company's DOH ratio over the years indicate potential inefficiencies in inventory management and the need for the company to closely monitor and optimize its inventory levels to improve its financial performance.
Peer comparison
Dec 31, 2024