Vector Group Ltd (VGR)
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 | 11.80 | 11.85 | 10.65 | 10.40 | 10.80 | 11.08 | 9.36 | 8.33 | 8.13 | 11.62 | 13.84 | 14.11 | 16.63 | 15.67 | 14.13 | 13.42 | 13.53 | 14.27 | 15.65 | 15.38 | |
| DOH | days | 30.92 | 30.81 | 34.27 | 35.11 | 33.79 | 32.93 | 38.98 | 43.83 | 44.88 | 31.41 | 26.38 | 25.87 | 21.95 | 23.30 | 25.84 | 27.19 | 26.98 | 25.59 | 23.32 | 23.74 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 11.80
= 30.92
Vector Group Ltd's days of inventory on hand (DOH) has shown volatility over the past few quarters. In Q4 2023, the company had an inventory turnover of approximately 34.77 days, slightly higher than the previous quarter. The trend over the past four quarters has been relatively consistent, with fluctuations within a narrow range between 33.43 days and 36.18 days.
Comparing the current DOH to the same quarter of the previous year, there has been a significant improvement from Q4 2022, where the DOH was exceptionally high at 149.95 days. This suggests that Vector Group Ltd has effectively managed its inventory levels over the year.
However, it is worth noting that the DOH in Q2 and Q3 of 2022 was notably lower compared to the most recent quarters. It is essential for the company to monitor and analyze the reasons for these fluctuations to optimize inventory management and improve efficiency.
Overall, with the current DOH trend showing stability and improvement compared to the previous year, Vector Group Ltd appears to be effectively managing its inventory levels, potentially leading to better working capital management and operational efficiency.
Peer comparison
Dec 31, 2023