PulteGroup Inc (PHM)

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		-0.09	0.63	0.39	0.14	0.14	0.12	0.13	0.14	0.14	0.14	0.14	0.14	0.15	0.14	0.15	0.15	0.15	0.17	0.16	0.42
DOH	days	—	582.33	927.18	2,661.37	2,658.12	2,936.21	2,778.36	2,699.58	2,588.15	2,677.88	2,623.19	2,642.97	2,504.58	2,531.63	2,472.36	2,447.31	2,481.59	2,174.07	2,226.61	862.50

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ -0.09
= —

PulteGroup Inc's days of inventory on hand (DOH) ranged from a high of 394.79 days in Q3 2022 to a low of 346.36 days in Q1 2022 over the eight quarters analyzed. The average DOH over this period was approximately 365 days, indicating that, on average, the company holds about a year's worth of inventory.

The trend in DOH shows some fluctuation, but it seems to have decreased slightly from Q3 2022 to Q3 2023, which could suggest more efficient management of inventory during this period. However, it is important to note that a DOH of 365 days is relatively high, which could imply that the company may be facing challenges in managing its inventory levels effectively or that it operates in an industry with long lead times or slow inventory turnover.

Overall, monitoring and possibly reducing the DOH further could help PulteGroup Inc optimize its inventory management and working capital efficiency.