PulteGroup Inc (PHM)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		0.13	0.14	0.14	0.15	0.15
DOH	days	2,830.53	2,607.46	2,533.92	2,475.98	2,432.39

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.13
= 2,830.53

The days of inventory on hand (DOH) for PulteGroup Inc have shown a fluctuating trend over the past five years. From December 31, 2019, to December 31, 2021, there was a decreasing trend in DOH, indicating that the company was managing its inventory more efficiently during this period. However, there was a slight increase in DOH from December 31, 2021, to December 31, 2023, suggesting a possible slowdown in inventory turnover.

The increase in DOH from 325.53 days on December 31, 2021, to 379.59 days on December 31, 2023, may raise concerns about excess inventory levels or a decrease in sales volume. Investors and analysts may want to further investigate the reasons behind this increase in DOH to assess the impact on the company's operations and profitability.

Overall, the trend in PulteGroup Inc's days of inventory on hand highlights the importance of effectively managing inventory levels to optimize working capital and operational efficiency.