Tootsie Roll Industries Inc (TR)
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 | 11.27 | 6.14 | 4.54 | 5.54 | 10.19 | 6.27 | 5.33 | 7.84 | 13.15 | 6.59 | 5.11 | 6.19 | 9.20 | 5.85 | 4.19 | 5.35 | 8.38 | 5.02 | 3.85 | 5.44 | |
| DOH | days | 32.39 | 59.41 | 80.48 | 65.83 | 35.82 | 58.20 | 68.51 | 46.58 | 27.76 | 55.40 | 71.45 | 58.97 | 39.68 | 62.40 | 87.16 | 68.24 | 43.55 | 72.69 | 94.71 | 67.09 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 11.27
= 32.39
Tootsie Roll Industries, Inc. had varying levels of days of inventory on hand (DOH) over the past eight quarters. In Q2 2023, the company had a significantly high DOH of 105.29 days, indicating that the company held its inventory for a longer period before selling it. This could suggest potential issues with inventory management or slowing sales. However, in Q1 2022, the company had a relatively low DOH of 62.06 days, indicating efficient inventory turnover.
Overall, Tootsie Roll Industries, Inc. has experienced fluctuations in its DOH over the periods analyzed. It would be important for investors and stakeholders to closely monitor future changes in the DOH metric to assess the company's inventory holding efficiency and potential impact on its financial performance.
Peer comparison
Dec 31, 2023