Taylor Morn Home (TMHC)

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		1.45	1.58	1.69	1.66	1.68	1.62	1.56	1.54	1.50	1.27	1.26	1.22	1.28	1.26	1.10	1.03	1.33	1.29	1.31	1.24
DOH	days	251.65	231.51	216.32	219.98	217.27	225.84	233.30	236.60	243.15	286.66	290.30	299.28	285.23	290.65	332.23	355.31	273.61	282.48	278.28	294.32

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.45
= 251.65

Taylor Morrison Home Corp.'s Days of Inventory on Hand (DOH) has shown fluctuations in recent quarters. In Q4 2023, the company held inventory for approximately 359.21 days, representing an increase from the previous quarter. This suggests that it takes the company a considerable amount of time to sell its inventory or that inventory levels have increased significantly.

Comparing Q4 2023 to the same period in the previous year (Q4 2022), there appears to be a slight increase in DOH, indicating a potential trend of slower inventory turnover. However, it is essential to consider various factors affecting the real estate market and construction industry that might have contributed to this change.

Overall, further analysis of Taylor Morrison Home Corp.'s inventory management practices and industry dynamics is necessary to determine the exact reasons behind the fluctuations in Days of Inventory on Hand.