Texas Pacific Land Trust (TPL)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Inventory turnover | 17.15 | 0.66 | 0.60 | 0.52 | |
| DOH | days | 21.28 | 554.48 | 612.22 | 705.44 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 17.15
= 21.28
The days of inventory on hand (DOH) for Texas Pacific Land Trust has shown a significant decrease over the four-year period from 2020 to 2023. The trend indicates that the company has been able to manage its inventory more efficiently, with a notable drop from 705.44 days in 2020 to 21.28 days in 2023. This improvement suggests that the company has been able to streamline its inventory management processes, reducing excess stock and potentially improving cash flow. The decreasing trend in DOH is generally seen as a positive sign of operational efficiency and financial health.