Marriot Vacations Worldwide (VAC)
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 | 2.38 | 2.01 | 2.01 | 2.03 | 2.01 | 2.19 | 2.02 | 1.96 | 1.74 | 1.30 | 1.03 | 0.85 | 1.21 | 1.62 | 145.10 | 79.90 | 19.23 | 19.22 | 21.79 | 22.55 | |
| DOH | days | 153.35 | 181.51 | 181.26 | 180.09 | 181.40 | 166.66 | 180.42 | 186.40 | 209.78 | 281.15 | 355.61 | 427.01 | 301.45 | 225.64 | 2.52 | 4.57 | 18.98 | 18.99 | 16.75 | 16.18 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.38
= 153.35
Based on the data provided, Marriott Vacations Worldwide Corp's Days of Inventory on Hand (DOH) have exhibited a fluctuating trend over the past eight quarters. The company's ability to convert inventory into sales has shown some variability, with DOH ranging from a low of 206.99 days in Q4 2023 to a high of 222.72 days in Q2 2022.
Overall, there seems to be a slight upward trend in DOH from Q2 2022 to Q1 2023, indicating that the company may be holding onto its inventory for a longer period before it is sold. However, the decrease in DOH in the most recent quarter, Q4 2023, suggests a potential improvement in inventory management efficiency.
It would be important for Marriott Vacations Worldwide Corp to monitor its inventory levels closely and ensure that they are optimizing their inventory turnover to maintain a balance between having enough inventory on hand to meet demand while avoiding excess holding costs. Further analysis of the company's inventory management practices and industry-specific factors may provide additional insights into the reasons for the fluctuations in DOH.