Telephone and Data Systems Inc (TDS)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		11.30	6.78	9.67	11.23	10.43
DOH	days	32.29	53.81	37.75	32.51	34.99

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 11.30
= 32.29

The days of inventory on hand (DOH) for Telephone And Data Systems, Inc. have shown fluctuations over the past five years. In 2023, the DOH decreased to 32.53 days from 38.14 days in 2022. This reduction indicates that the company was able to sell its inventory more quickly in 2023 compared to the previous year.

Looking back, the DOH was highest in 2022 at 38.14 days, which could suggest that the company may have faced challenges in managing and selling its inventory efficiently during that period. In contrast, in 2021 and 2020, the DOH was lower at 26.28 days and 23.88 days, respectively, indicating that the company improved its inventory management during those years.

Overall, while the DOH has shown some variability over the past five years, the general trend seems to be a decrease in the number of days it takes the company to sell its inventory. This could be a positive sign of more effective inventory management practices being implemented by Telephone And Data Systems, Inc.