Texas Roadhouse Inc (TXRH)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		108.45	94.31	96.91	47.27	55.32
DOH	days	3.37	3.87	3.77	7.72	6.60

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 108.45
= 3.37

The Days of Inventory on Hand (DOH) for Texas Roadhouse Inc has shown fluctuations over the past five years. In 2023, the DOH decreased to 3.37 days from 3.87 days in 2022. This indicates that the company managed its inventory more efficiently in 2023 compared to the previous year.

Looking back further, in 2021, the DOH was relatively stable at 3.77 days, showing consistent inventory management practices. However, there was a significant increase in inventory holding period in 2020, with DOH at 7.72 days, which could suggest potential inefficiencies in managing and selling inventory during that year.

In 2019, the DOH was also relatively high at 6.60 days, indicating a longer time taken to sell inventory compared to recent years. Overall, the trend in DOH for Texas Roadhouse Inc reflects improvements in inventory management efficiency in recent years, with lower DOH figures indicating better inventory turnover and potentially more effective utilization of company resources.