Telephone and Data Systems Inc (TDS)

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		11.30	9.96	8.49	6.79	6.71	7.04	8.17	9.39	9.58	12.22	9.11	11.74	11.21	10.52	11.52	8.14	10.41	12.00	11.33	13.98
DOH	days	32.31	36.64	43.01	53.74	54.40	51.85	44.66	38.89	38.11	29.87	40.08	31.08	32.57	34.68	31.68	44.85	35.05	30.42	32.21	26.11

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 11.30
= 32.31

The days of inventory on hand (DOH) is a metric used to assess how efficiently a company manages its inventory. A lower DOH indicates that the company is selling inventory quickly, while a higher DOH suggests that inventory turnover is slower.

For Telephone And Data Systems, Inc., the DOH fluctuated over the past eight quarters, ranging from 27.30 days to 38.14 days. In Q4 2023, the DOH was 32.53 days, showing an increase from the previous quarter. This could suggest that the company is holding inventory longer before selling it, which may tie up capital and potentially indicate slower sales.

However, it is important to compare the current DOH to historical trends and industry benchmarks for a more comprehensive analysis. Additionally, further examination of the company's inventory management practices and overall business strategy is necessary to determine the reasons behind fluctuations in the DOH.