Travel + Leisure Co (TNL)

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		1.49	1.47	1.45	1.42	1.35	1.31	1.20	1.20	1.05	1.93	1.59	1.31	1.09	0.01	0.04	0.10	0.15	0.16	0.15	0.15
DOH	days	244.84	248.60	252.57	257.26	270.46	278.12	304.04	305.02	346.21	188.90	229.78	278.51	336.29	25,569.21	8,183.68	3,585.24	2,365.59	2,298.36	2,399.14	2,432.66

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.49
= 244.84

Travel+Leisure Co's days of inventory on hand (DOH) has shown a fluctuating trend over the past eight quarters. In Q4 2023, the DOH was recorded at 3,114.85 days, slightly higher compared to the previous quarter's figure of 3,039.02 days. This indicates that the company held inventory for an average of approximately 3,114.85 days before selling it during the most recent quarter, reflecting a longer period compared to the prior quarter.

Looking further back, there has been some variability in the DOH metric. In Q1 2023, the DOH was at 2,875.31 days, showing an increase from the DOH in Q4 2022, which was 2,773.54 days. This indicates that the company's inventory turnover slowed down in Q1 2023.

The highest DOH in the provided data was observed in Q3 2023 at 3,127.01 days, suggesting that the company held inventory for an extended period during that quarter. Conversely, the lowest DOH was seen in Q1 2022 at 2,341.39 days, indicating a faster inventory turnover during that period.

Overall, the varying DOH figures suggest fluctuations in Travel+Leisure Co's inventory management efficiency over the analyzed quarters. Further analysis and comparison with industry benchmarks may provide additional insights into the company's inventory management performance and its potential impact on financial health and operational strategies.