NVR Inc (NVR)

Days of inventory on hand (DOH)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		0.03	0.01	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.02	0.02	0.02	0.02	0.00	0.00	0.00	0.00	0.02	0.03	0.04
DOH	days	12,702.63	34,583.70	24,143.97	23,039.15	22,920.23	27,528.47	31,888.94	30,122.22	27,300.28	18,616.33	19,901.09	18,521.17	17,224.35	174,218.83	126,279.60	114,845.05	117,085.92	18,621.45	11,604.30	8,635.61

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.03
= 12,702.63

The days of inventory on hand (DOH) for NVR Inc. have fluctuated over the past eight quarters. In Q1 2022, the company had 117.11 days of inventory on hand, which decreased to 108.31 days in Q2 2022. However, there was a significant increase in DOH in Q3 2022 to 123.33 days, which then decreased to 85.19 days in Q4 2022.

In the first quarter of 2023, the DOH increased to 89.37 days before rising to 99.34 days in Q2 2023. The trend continued with a slight increase in Q3 2023 to 101.13 days and a further increase in Q4 2023 to 100.95 days.

The fluctuations in DOH indicate potential changes in NVR Inc.'s inventory management and efficiency. A decreasing trend in DOH can suggest improved inventory turnover and more efficient management, whereas an increasing trend may indicate possible overstocking or slower inventory turnover. It would be important for stakeholders to monitor future changes in DOH to assess the company's inventory management practices and operational effectiveness.