Titan International Inc (TWI)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		3.63	4.15	4.55	3.93	3.90
DOH	days	100.48	87.92	80.16	92.89	93.62

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.63
= 100.48

The days of inventory on hand (DOH) for Titan International Inc has shown fluctuations over the past five years. As of December 31, 2020, the company held inventory for an average of 93.62 days before selling it, indicating a relatively high level of inventory management. Subsequently, the DOH decreased to 92.89 days by the end of 2021, suggesting a slight improvement in inventory turnover efficiency.

By the end of 2022, the DOH for Titan International Inc dropped significantly to 80.16 days, signaling a more efficient management of inventory levels. However, there was a moderate increase in DOH to 87.92 days by the end of 2023, implying that the company might have experienced challenges in controlling inventory levels during that period.

The trend reversed in the most recent year, with the DOH increasing notably to 100.48 days as of December 31, 2024. This upsurge could indicate potential issues with inventory management, such as overstocking or slow-moving inventory.

In conclusion, the analysis of Titan International Inc's days of inventory on hand reveals varying performance in inventory management over the past five years, with fluctuations in the efficiency of turning inventory into sales. Monitoring and improving inventory control practices may be crucial for optimizing working capital and overall operational efficiency.