Tempur Sealy International Inc (TPX)
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 | 5.79 | 5.84 | 5.43 | 5.05 | 5.17 | 4.89 | 4.79 | 5.00 | 5.98 | 6.73 | 7.43 | 6.77 | 6.53 | 7.08 | 6.99 | 6.66 | 6.77 | 6.17 | 6.75 | 6.75 | |
| DOH | days | 63.05 | 62.46 | 67.17 | 72.25 | 70.54 | 74.66 | 76.15 | 73.07 | 61.08 | 54.27 | 49.11 | 53.92 | 55.88 | 51.54 | 52.19 | 54.83 | 53.91 | 59.12 | 54.07 | 54.05 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.79
= 63.05
To analyze Tempur Sealy International Inc's Days of Inventory on Hand (DOH) over the past eight quarters, we observe a fluctuating trend.
The company's DOH ranged from a low of 62.46 days in Q3 2023 to a high of 76.15 days in Q2 2022. In recent quarters, there has been a slight decrease in DOH, indicating a potentially more efficient management of inventory levels. However, the DOH remains relatively high, suggesting that the company may still be carrying excess inventory compared to its sales volume.
Overall, it would be advisable for Tempur Sealy International Inc to continue monitoring and optimizing its inventory management processes to ensure a balance between having enough inventory to meet demand and avoiding excessive carrying costs.
Peer comparison
Dec 31, 2023