Callaway Golf Company (MODG)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.87 | 1.65 | 1.69 | 1.59 | 1.41 | 1.52 | 1.32 | 1.16 | 1.10 | 1.42 | 1.67 | 1.76 | 1.64 | 2.85 | 3.80 | 4.49 | 4.93 | 5.16 | 4.34 | 3.81 | |
| DOH | days | 127.25 | 221.22 | 215.84 | 229.93 | 259.75 | 240.86 | 277.12 | 314.97 | 333.25 | 256.50 | 218.82 | 207.96 | 221.95 | 127.87 | 95.95 | 81.25 | 74.04 | 70.77 | 84.06 | 95.93 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.87
= 127.25
The days of inventory on hand (DOH) for Callaway Golf Company have shown fluctuations over the observed periods. The trend indicates that the company's inventory management has experienced some challenges.
Initially, from March 31, 2020, to March 31, 2021, there was a gradual increase in DOH, suggesting inefficiencies in managing inventory levels. However, from March 31, 2021, to June 30, 2021, there was a sudden spike in DOH, indicating potential issues with inventory turnover or sales. This trend continued until December 31, 2022, with DOH reaching its peak at 333.25 days, signifying a significant amount of time inventory is held before being sold.
From March 31, 2023, to June 30, 2024, DOH started to decrease, indicating improvements in inventory management or a reduction in inventory levels. Although there was a slight increase in DOH by December 31, 2024, levels remained significantly lower compared to the peak in 2022.
Overall, the trend in DOH for Callaway Golf Company suggests fluctuations and challenges in inventory management. It is crucial for the company to effectively monitor inventory levels to optimize cash flow and profitability.
Peer comparison
Dec 31, 2024