Travel + Leisure Co (TNL)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 1.48 | 1.49 | 1.35 | 1.05 | 1.09 | |
| DOH | days | 245.80 | 244.84 | 270.29 | 346.21 | 336.29 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.48
= 245.80
Travel + Leisure Co's days of inventory on hand (DOH) has shown a fluctuating trend over the past five years. Starting at 336.29 days on December 31, 2020, the DOH increased to 346.21 days by December 31, 2021. Subsequently, there was a notable decrease in DOH to 270.29 days by December 31, 2022, followed by a further reduction to 244.84 days by December 31, 2023. The DOH remained relatively stable at 245.80 days by December 31, 2024.
The decreasing trend in DOH from 2021 to 2023 indicates improvements in inventory management efficiency, as the company was able to reduce the number of days it holds inventory before it is sold. However, the slight increase in DOH in 2024 may suggest a slight slowdown in inventory turnover.
Overall, while the company has made progress in managing its inventory more effectively, further monitoring and analysis of inventory levels and turnover rates may still be necessary to optimize working capital management and operational efficiency.
Peer comparison
Dec 31, 2024