Shutterstock (SSTK)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | |
| DOH | days | — | — | — | — | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
To analyze Shutterstock Inc's days of inventory on hand (DOH) over the past five years, we would need specific data for each year to calculate this ratio. The DOH ratio is typically calculated as:
DOH = (Average Inventory / Cost of Goods Sold) x Number of Days in Period
Without the necessary data for each year, it is not possible to provide a detailed analysis of Shutterstock Inc's DOH trend. This ratio is essential in assessing how efficiently the company manages its inventory by indicating the number of days it takes to turn its inventory into sales. A decreasing trend in DOH could suggest improved inventory management, while an increasing trend may indicate inefficiencies or overstocking.
In order to perform a comprehensive analysis of Shutterstock Inc's DOH, it is essential to have the specific inventory and cost of goods sold figures for each year from 2019 to 2023. This data would enable a deeper evaluation of the company's inventory turnover efficiency and potential impacts on its financial performance.
Peer comparison
Dec 31, 2023