Travel + Leisure Co (TNL)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 1.49 | 1.35 | 1.05 | 1.09 | 0.16 | |
| DOH | days | 244.84 | 270.29 | 346.21 | 336.29 | 2,352.88 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.49
= 244.84
Travel+Leisure Co's days of inventory on hand (DOH) has exhibited significant fluctuations over the past five years. In 2023, the company had 3,114.85 days of inventory on hand, which was higher compared to 2022 when it was 2,773.54 days. This increase in DOH indicates that Travel+Leisure Co held onto its inventory for a longer period in 2023.
In 2021, the DOH was 2,827.01 days, slightly lower than in 2022. However, a notable anomaly occurred in 2020, where the DOH spiked to a remarkably high level of 245,827.50 days. This abnormality could be due to various factors such as inventory management issues or data reporting errors.
In contrast, in 2019, the DOH was 2,352.88 days, indicating a lower level of inventory held by the company compared to recent years. Overall, the trend in DOH for Travel+Leisure Co shows variability and potential areas for improvement in inventory management practices.
Peer comparison
Dec 31, 2023