American Woodmark Corporation (AMWD)

The analysis of American Woodmark Corporation’s days of inventory on hand (DOH) over the specified period reveals notable fluctuations. As of April 30, 2021, the DOH was approximately 40.52 days, indicating a relatively efficient inventory turnover at that time. By April 30, 2022, the DOH increased significantly to approximately 51.09 days, suggesting a slowdown in inventory turnover or an accumulation of inventory levels, which could reflect strategic inventory building, supply chain disruptions, or demand fluctuations.

In the subsequent year, the DOH decreased to approximately 40.74 days as of April 30, 2023, approaching the figures observed in 2021 and indicating a potential return to a more optimal inventory management cycle. However, by April 30, 2024, the DOH further declined slightly to approximately 39.51 days, signifying a marginal improvement in inventory turnover relative to the previous year.

Contrarily, in the most recent data point for April 30, 2025, the DOH increased again to approximately 46.34 days. This upward movement may indicate a shift toward higher inventory levels or slower inventory turnover, which could be driven by strategic inventory accumulation, supply chain considerations, or anticipated demand changes.

Overall, the trend demonstrates periods of both inventory efficiency and accumulation, with the DOH experiencing a peak in 2022, a reversion to earlier levels in 2023 and 2024, and a subsequent increase in 2025. This pattern suggests that the company's inventory management dynamics have experienced variability, potentially influenced by operational, strategic, or macroeconomic factors.