American Woodmark Corporation (AMWD)
Days of inventory on hand (DOH)
Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2019 | ||
---|---|---|---|---|---|---|
Inventory turnover | 9.24 | 8.96 | 7.14 | 8.99 | 11.97 | |
DOH | days | 39.51 | 40.74 | 51.09 | 40.60 | 30.50 |
April 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.24
= 39.51
The days of inventory on hand (DOH) for American Woodmark Corporation has fluctuated over the past five years. In April 2024, the DOH was 39.51 days, showing an improvement compared to the previous year's 40.74 days. This indicates that the company was able to manage its inventory more efficiently and sell products at a faster rate.
Looking back further, we see that in April 2022, the DOH was 51.09 days, which was higher than the current period but lower than the DOH in April 2021, which was 40.60 days.
The lowest DOH in the past five years was recorded in April 2019 at 30.50 days, showing that the company had effectively managed its inventory during that period.
Overall, American Woodmark Corporation has shown some variability in its inventory management efficiency over the years, but the recent decrease in DOH suggests an improvement in inventory turnover and potentially better liquidity for the organization.
Further analysis and comparison with industry benchmarks may provide additional insights into the company's inventory management practices and performance.