Planet Fitness Inc (PLNT)
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 | 32.07 | 35.84 | 35.03 | 38.25 | 40.63 | 27.38 | 29.34 | 34.87 | 33.65 | 72.96 | 94.33 | 156.28 | 223.66 | 49.12 | 158.34 | 383.57 | 408.82 | 58.14 | 48.92 | 64.47 | |
| DOH | days | 11.38 | 10.19 | 10.42 | 9.54 | 8.98 | 13.33 | 12.44 | 10.47 | 10.85 | 5.00 | 3.87 | 2.34 | 1.63 | 7.43 | 2.31 | 0.95 | 0.89 | 6.28 | 7.46 | 5.66 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 32.07
= 11.38
Days of inventory on hand (DOH) is a financial metric that evaluates how efficiently a company manages its inventory. In the case of Planet Fitness Inc, the DOH fluctuated over the period from March 31, 2020, to December 31, 2024.
Planet Fitness Inc's DOH ranged from 0.89 days to 13.33 days during this period. A lower DOH indicates that the company is selling its inventory quickly, while a higher DOH suggests that inventory turnover is slower.
The DOH for Planet Fitness Inc saw a significant increase in the second half of 2022, peaking at 13.33 days by September 30, 2023. This sharp rise could indicate potential inventory management challenges or changes in demand and supply dynamics.
However, the company managed to bring down its DOH by the end of 2024, showing improvement in inventory turnover efficiency. Overall, monitoring the DOH can provide insights into Planet Fitness Inc's inventory management practices and operational performance.