Apogee Enterprises Inc (APOG)
Days of inventory on hand (DOH)
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Mar 2, 2024 | Feb 29, 2024 | Nov 30, 2023 | Nov 25, 2023 | Aug 31, 2023 | Aug 26, 2023 | May 31, 2023 | May 27, 2023 | Feb 28, 2023 | Feb 25, 2023 | Nov 30, 2022 | Nov 26, 2022 | Aug 31, 2022 | Aug 27, 2022 | May 31, 2022 | May 28, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 10.85 | 11.18 | 13.89 | 13.79 | 17.03 | 15.64 | 15.98 | 16.26 | 16.06 | 16.17 | 14.68 | 14.84 | 15.29 | 15.56 | 14.43 | 14.31 | 12.47 | 11.93 | 12.18 | 12.16 | |
| DOH | days | 33.65 | 32.65 | 26.27 | 26.47 | 21.43 | 23.33 | 22.84 | 22.45 | 22.72 | 22.57 | 24.86 | 24.60 | 23.87 | 23.45 | 25.29 | 25.50 | 29.27 | 30.59 | 29.98 | 30.02 |
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 some fluctuations over the data period. The company managed its inventory effectively by reducing the number of days its inventory is held, which indicates efficient inventory management.
The DOH decreased from around 30 days in May 2022 to approximately 23 days in February 2023. This reduction indicates that the company was able to sell its inventory more quickly, potentially leading to lower holding costs and improved cash flow.
However, from May 2023 to November 2024, there was an increase in DOH, reaching a peak of 33.65 days in February 2025. This increase may suggest that the company was having difficulty selling its products or had excess inventory on hand, which could result in higher holding costs and potentially lower profitability.
In conclusion, while there were fluctuations in the DOH metric for Apogee Enterprises Inc, the overall trend indicates effective inventory management practices, with the need for the company to closely monitor and optimize its inventory levels to maintain efficiency and profitability.