Titan International Inc (TWI)

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		3.63	3.48	3.28	2.91	4.15	4.49	4.56	4.61	4.55	4.36	4.13	3.92	3.93	3.80	3.77	3.77	3.90	3.97	3.98	4.15
DOH	days	100.48	104.95	111.27	125.57	87.92	81.29	80.06	79.21	80.16	83.71	88.29	93.18	92.89	95.98	96.82	96.88	93.62	92.02	91.67	88.05

December 31, 2024 calculation

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

Titan International Inc's days of inventory on hand (DOH) has shown fluctuations over the past few years. The company's DOH ranged from 88.05 days as of March 31, 2020, to a peak of 125.57 days as of March 31, 2024, before gradually decreasing to 100.48 days as of December 31, 2024.

A high DOH indicates that Titan International Inc may be holding onto excess inventory, which could tie up capital and lead to increased carrying costs. Conversely, a low DOH may suggest efficient inventory management but could also lead to potential stockouts if not carefully monitored.

The trend in DOH should be analyzed in conjunction with sales patterns and industry benchmarks to determine if Titan International Inc's inventory levels are optimal for its operations. Additionally, management should focus on implementing inventory control measures to strike a balance between maintaining sufficient stock for customer demands while avoiding excess inventory holding costs.