Titan International Inc (TWI)

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		4.56	4.90	4.94	4.98	4.95	4.74	4.51	4.28	4.29	4.22	4.22	4.25	4.40	4.44	4.45	4.62	4.41	4.30	3.98	3.77
DOH	days	80.12	74.57	73.87	73.26	73.72	76.95	80.96	85.18	85.03	86.53	86.47	85.94	82.86	82.18	82.11	79.03	82.86	84.90	91.70	96.87

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.56
= 80.12

The days of inventory on hand (DOH) for Titan International, Inc. have shown some fluctuations over the past eight quarters. In Q4 2023, the company had an inventory turnover rate equivalent to holding inventory for 87.92 days, which decreased compared to the previous quarter. This decrease indicates that the company was able to sell its inventory at a faster rate. The trend of decreasing DOH from Q4 2022 to Q1 2023 suggests a more efficient management of inventory levels during that period. However, the DOH increased in Q2 and Q3 2023, although it remained relatively stable. Overall, Titan International, Inc. may need to continue monitoring and optimizing its inventory management practices to ensure efficient use of resources and maintain a healthy balance between holding adequate inventory levels and avoiding excess stock.