Pool Corporation (POOL)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 2.84 | 2.67 | 2.75 | 3.59 | 3.24 | |
| DOH | days | 128.40 | 136.76 | 132.87 | 101.60 | 112.69 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.84
= 128.40
The days of inventory on hand (DOH) for Pool Corporation have been fluctuating over the past five years. In 2023, the company had 128.40 days of inventory on hand, which decreased from 136.76 days in 2022. This indicates that the company was able to manage its inventory more efficiently in the most recent year.
Comparing the DOH to previous years, Pool Corporation's inventory management has shown variability. In 2021, the DOH was 132.87 days, higher than both 2023 and 2022. In 2020, the company had 101.60 days of inventory on hand, reflecting a significant improvement in inventory management compared to the surrounding years.
Looking back further, in 2019, the DOH was 112.69 days, showing an increase in the time it takes to sell its inventory compared to 2020. Overall, the trend in DOH suggests that Pool Corporation has experienced fluctuations in its inventory management efficiency over the past five years, with varying levels of control over its inventory levels.