Apogee Enterprises Inc (APOG)
Days of inventory on hand (DOH)
| Feb 28, 2025 | Mar 2, 2024 | Feb 29, 2024 | Feb 28, 2023 | Feb 25, 2023 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 10.85 | 15.16 | 15.08 | 14.09 | 14.09 | |
| DOH | days | 33.65 | 24.07 | 24.20 | 25.90 | 25.90 |
February 28, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 10.85
= 33.65
The days of inventory on hand (DOH) for Apogee Enterprises Inc have shown a relatively stable trend over the past few years, ranging between 24.07 days to 33.65 days. In February 2025, the DOH increased to 33.65 days, indicating that the company held inventory for a longer period compared to previous periods. This could potentially signify a buildup in inventory levels or challenges in managing inventory efficiently.
On the other hand, in February 2024, the DOH decreased to 24.20 days from the previous year's 25.90 days, suggesting an improvement in inventory management efficiency during that period. The ability to reduce the DOH indicates a quicker turnover of inventory, which can lead to cost savings and improved liquidity.
Overall, it is essential for Apogee Enterprises Inc to monitor its inventory levels closely and seek opportunities to optimize inventory management practices to ensure efficient working capital utilization and profitability.