Pursuit Attractions and Hospitality, Inc. (PRSU)

Days of inventory on hand (DOH)

		Mar 31, 2025	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
Inventory turnover		4.10	32.65	111.81	78.35	109.61	119.32	103.51	71.56	96.51	98.59	88.87	58.47	74.78	64.59	49.44	27.03	34.78	60.65	47.53	52.56
DOH	days	88.97	11.18	3.26	4.66	3.33	3.06	3.53	5.10	3.78	3.70	4.11	6.24	4.88	5.65	7.38	13.50	10.49	6.02	7.68	6.94

March 31, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.10
= 88.97

The analysis of Pursuit Attractions and Hospitality, Inc.'s days of inventory on hand (DOH) reveals notable fluctuations over the reported periods. Initially, the DOH was relatively stable in mid-2020, ranging between approximately 6.94 days in June and 7.68 days in September. Toward the end of 2020, the DOH decreased to about 6.02 days, indicating a slight improvement in inventory turnover.

During 2021, the DOH experienced increased variability, peaking at approximately 13.50 days in June, suggesting that inventory was held longer during this period. This period of elevated DOH was followed by a reduction to 5.65 days by the end of December 2021, reflecting a potential enhancement in inventory management efficiency. The trend continued into 2022, with the DOH decreasing further to below 4 days at several points, notably reaching 3.70 days by the end of 2022.

In 2023, the values remained relatively stable, fluctuating around 3.5 to 5.1 days, maintaining the trend of efficient inventory turnover. However, a significant abnormality is observed in March 2025, where the DOH spiked dramatically to 88.97 days, representing a substantial deviation from the earlier stable, low levels. This extreme increase indicates a potential issue such as overstocking, disruptions in sales, or inventory obsolescence.

Overall, the company demonstrated generally efficient inventory management throughout the analyzed periods, characterized by low DOH figures typically below 6 days. The exceptional surge in March 2025 suggests a change in operational conditions that warrants further investigation.