Vail Resorts Inc (MTN)
Days of inventory on hand (DOH)
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.57 | 3.87 | 3.10 | 2.63 | 3.11 | 3.83 | 3.22 | 2.78 | 3.55 | 3.87 | 3.42 | 3.45 | 4.47 | 4.54 | 4.28 | 3.80 | 3.81 | 4.23 | 3.35 | 2.84 | |
| DOH | days | 102.24 | 94.30 | 117.76 | 138.87 | 117.31 | 95.34 | 113.33 | 131.19 | 102.76 | 94.20 | 106.84 | 105.77 | 81.66 | 80.37 | 85.33 | 96.10 | 95.72 | 86.25 | 108.85 | 128.58 |
July 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.57
= 102.24
The Days of Inventory on Hand (DOH) ratio for Vail Resorts Inc has exhibited fluctuations over the past few years. The DOH ratio measures the average number of days it takes for a company to sell its inventory. A higher DOH ratio may indicate slower inventory turnover and the company holding onto inventory for a longer period.
Analyzing the trend in Vail Resorts Inc DOH ratio, we observe that it ranged between 80.37 days to 138.87 days over the past five years. Generally, a lower DOH ratio is preferable as it signifies quicker inventory turnover and efficient management of inventory levels. In this case, the DOH ratio peaked at 138.87 days in October 2023, indicating a prolonged time to sell off inventory, possibly leading to inventory obsolescence or higher holding costs.
Conversely, the lowest DOH ratio of 80.37 days in April 2021 suggests a faster inventory turnover rate, which could indicate effective inventory management practices and potentially lower holding costs.
It would be beneficial for Vail Resorts Inc to closely monitor and potentially optimize its inventory management practices to maintain a balance between ensuring sufficient inventory availability to meet customer demand while avoiding excess inventory holding costs associated with longer selling cycles.
Peer comparison
Jul 31, 2024