Papa John's International Inc (PZZA)

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		44.73	45.82	46.18	45.45	47.93	44.75	45.20	46.03	41.68	40.57	44.61	42.99	46.86	47.69	52.66	55.77	48.54	49.65	42.31	43.31
DOH	days	8.16	7.97	7.90	8.03	7.62	8.16	8.08	7.93	8.76	9.00	8.18	8.49	7.79	7.65	6.93	6.54	7.52	7.35	8.63	8.43

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 44.73
= 8.16

The days of inventory on hand (DOH) for Papa John's International Inc have fluctuated over the past few years. The trend shows a slight decrease in DOH from March 2020 to March 2021, indicating improved inventory management efficiency. However, from March 2021 to September 2022, there was an increase in DOH, reaching a peak of 9.00 days. This suggests a potential buildup of inventory levels or slower inventory turnover during this period.

From September 2022 to December 2024, the DOH fluctuated around the range of 7.62 to 8.16 days, indicating relatively stable inventory management practices. Overall, the company maintained an average DOH of around 8 days, which may indicate that inventory turnover efficiency was being maintained within acceptable levels.

It is crucial for the company to closely monitor its inventory levels and turnover rates to ensure optimal operational efficiency and cost management. Keeping DOH within an appropriate range can help Papa John's to avoid overstocking or stockouts, thereby enhancing profitability and financial performance in the long term.