Marriot Vacations Worldwide (VAC)
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 | 3.89 | 3.84 | 4.61 | 4.27 | 3.87 | 3.42 | 4.22 | 4.07 | 4.04 | 3.96 | 3.71 | 3.65 | 3.39 | 3.15 | 2.64 | 2.57 | 2.84 | 3.00 | 3.22 | 3.46 | |
| DOH | days | 93.74 | 94.95 | 79.24 | 85.57 | 94.34 | 106.71 | 86.53 | 89.78 | 90.36 | 92.15 | 98.40 | 100.02 | 107.69 | 115.78 | 138.08 | 141.91 | 128.44 | 121.72 | 113.43 | 105.53 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.89
= 93.74
Marriott Vacations Worldwide's Days of Inventory on Hand (DOH) have displayed fluctuations over the period from March 31, 2020, to December 31, 2024. The DOH metric indicates the average number of days it takes for the company to sell its inventory, reflecting its efficiency in managing inventory levels.
The trend in DOH shows an initial increase from 105.53 days on March 31, 2020, to a peak of 141.91 days on March 31, 2021. This increase suggests a potential buildup of inventory levels or a slowing down in sales during that period. Subsequently, there was a decline in DOH, reaching 79.24 days on June 30, 2024, indicating a more efficient management of inventory.
The lowest DOH value was recorded on June 30, 2024, at 79.24 days, suggesting an improvement in inventory turnover efficiency. However, it increased slightly to 93.74 days on December 31, 2024.
Overall, monitoring DOH is crucial for Marriott Vacations Worldwide to optimize inventory levels, balance stock holding costs, and ensure effective sales management. The company should strive to maintain an optimal balance in inventory management to support its operational efficiency and financial performance.