American Woodmark Corporation (AMWD)
Days of inventory on hand (DOH)
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 7.88 | 8.04 | 7.85 | 8.17 | 9.24 | 9.09 | 9.56 | 9.80 | 8.96 | 7.81 | 6.95 | 6.87 | 7.14 | 7.82 | 8.10 | 8.27 | 10.16 | 9.33 | 10.31 | 10.25 | |
| DOH | days | 46.34 | 45.41 | 46.52 | 44.67 | 39.51 | 40.16 | 38.18 | 37.26 | 40.74 | 46.71 | 52.50 | 53.11 | 51.10 | 46.65 | 45.08 | 44.12 | 35.94 | 39.12 | 35.41 | 35.62 |
April 30, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.88
= 46.34
The analysis of American Woodmark Corporation’s days of inventory on hand (DOH) over the specified periods reveals notable fluctuations and underlying trends. Initially, the DOH remained relatively stable around 35.62 days in July 2020 and slightly decreased to 35.41 days by October 2020. During this period, inventory levels were relatively well-managed with minimal variations.
From January 2021 onward, a gradual increase in DOH is observed, reaching approximately 39.12 days by January 2021, indicating a slight elongation in inventory holding periods. The upward trend accelerated post-July 2021, with DOH rising to 44.12 days and further climbing to 45.08 days by October 2021. This suggests a slowdown in inventory turnover, possibly reflecting increased inventory accumulation or slower sales velocity.
The upward trajectory continued into 2022, with DOH peaking at 53.11 days in July 2022, and remaining elevated at 52.50 days by October 2022. This sustained increase indicates that inventory levels remained high relative to sales during this period, potentially hinting at excess inventory or supply chain adjustments.
Beginning in early 2023, a downward trend emerges, with DOH decreasing to 46.71 days in January 2023 and further reducing to approximately 40.74 days in April 2023. The ratio stabilized somewhat, with a slight increase to 44.67 days in July 2024, and remained around 46.52 days in October 2024. The data demonstrates cyclical variations, with periods of inventory build-up followed by more efficient turnover phases.
Overall, the data reflects a pattern where inventory levels rose significantly through 2021 and into 2022, potentially indicating inventory accumulation during that period, followed by efforts to reduce inventory levels in subsequent years. These fluctuations could be attributed to changes in sales demand, supply chain factors, or strategic inventory management. The observed trend suggests an effort to improve inventory turnover rates in recent years, aligning more closely with optimized operational efficiency.