Papa John's International Inc (PZZA)

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		7.62	7.07	7.28	7.18	7.02	7.20	7.90	7.94	8.19	8.46	9.44	10.03	8.93	9.53	8.44	9.23	10.12	8.44	8.05	7.82
DOH	days	47.90	51.62	50.16	50.80	52.02	50.72	46.22	45.95	44.56	43.16	38.66	36.38	40.88	38.30	43.23	39.55	36.07	43.26	45.36	46.68

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.62
= 47.90

As the specific data for days of inventory on hand (DOH) for Papa John's International, Inc. is not provided in the table, it is challenging to conduct a detailed analysis based on the information given. In order to evaluate the company's DOH effectively, it is essential to have the actual values for each quarter to track the trend over time and compare it to industry benchmarks or historical performance.

However, DOH is a critical financial ratio that indicates how many days, on average, it takes for a company to sell its inventory. A lower DOH value usually suggests efficient inventory management and effective sales strategies. Conversely, a high DOH may indicate excess inventory or difficulties in selling products promptly.

To conduct a thorough analysis of Papa John's DOH, access to the specific numerical data for each quarter is necessary. This would allow for trend analysis, comparison with industry peers, and meaningful insights into the company's inventory management efficiency, operational performance, and potential financial health.