Tootsie Roll Industries Inc (TR)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | 5.40 | 5.39 | 6.69 | 5.05 | |
| DOH | days | — | 67.60 | 67.71 | 54.53 | 72.32 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
Tootsie Roll Industries Inc's days of inventory on hand (DOH) has been fluctuating over the past few years. In 2020, the company had 72.32 days of inventory on hand, which decreased to 54.53 days in 2021. Subsequently, the DOH increased to 67.71 days in 2022 and slightly decreased to 67.60 days in 2023. Notably, the data for 2024 is not available at this time.
A decrease in the DOH figure could indicate that Tootsie Roll is managing its inventory more efficiently, possibly due to better inventory management practices or improved demand forecasting. Conversely, an increase in DOH could suggest overstocking or slower inventory turnover, which may lead to higher storage costs or potential obsolescence issues.
It would be beneficial for Tootsie Roll Industries Inc to further analyze the reasons behind these fluctuations in DOH and assess whether adjustments in inventory management strategies are needed to optimize efficiency and profitability.
Peer comparison
Dec 31, 2024