Tootsie Roll Industries Inc (TR)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.04 | 5.09 | 3.85 | 4.68 | 5.45 | 4.75 | 3.48 | 4.34 | 5.39 | 4.92 | 4.13 | 5.88 | 6.69 | 4.80 | 3.69 | 4.39 | 5.05 | 4.25 | 3.33 | 4.63 | |
| DOH | days | 60.42 | 71.75 | 94.77 | 77.98 | 67.03 | 76.86 | 104.90 | 84.07 | 67.71 | 74.17 | 88.30 | 62.06 | 54.53 | 76.01 | 98.98 | 83.08 | 72.32 | 85.92 | 109.53 | 78.84 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.04
= 60.42
The days of inventory on hand (DOH) for Tootsie Roll Industries Inc has shown some fluctuation over the past few years. The company's DOH ranged from a high of 109.53 days on June 30, 2020, to a low of 54.53 days on December 31, 2021.
Overall, the company seems to have managed its inventory efficiently, maintaining DOH within a reasonable range. A lower DOH indicates that the company is selling its inventory quickly, while a higher DOH may suggest that the company is holding onto inventory for too long, potentially leading to obsolescence or increased carrying costs.
Tootsie Roll Industries Inc experienced an increase in DOH towards the end of 2023, which could be a sign of slower sales or an increase in inventory levels. However, the company managed to decrease its DOH by the end of 2024, indicating potential improvement in inventory management.
It is important for the company to continuously monitor its inventory levels and strive to strike a balance between stocking enough inventory to meet demand and minimizing holding costs. By analyzing and interpreting the DOH metric over time, Tootsie Roll Industries Inc can gain insights into its inventory management performance and make informed decisions to optimize its operations.
Peer comparison
Dec 31, 2024