Academy Sports Outdoors Inc (ASO)
Days of inventory on hand (DOH)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|
| Inventory turnover | 4.60 | 4.33 | 5.01 | 5.32 | |
| DOH | days | 79.40 | 84.35 | 72.92 | 68.58 |
February 3, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.60
= 79.40
The days of inventory on hand (DOH) for Academy Sports Outdoors Inc has shown a fluctuating trend over the past four years. In February 2024, the company had 79.40 days of inventory on hand, which represents a decrease from the previous year's DOH of 84.35 days in January 2023. This reduction indicates an improvement in inventory management efficiency compared to the prior period.
Looking further back, the DOH was 72.92 days in January 2022 and 68.58 days in January 2021. The increasing trend from 68.58 days in 2021 to 84.35 days in 2023 suggests a potential inefficiency in managing inventory levels during that period.
Overall, while the recent decrease in DOH in 2024 is a positive sign, it would be beneficial for Academy Sports Outdoors Inc to continue monitoring and optimizing its inventory management practices to ensure effective utilization of assets and enhance the company's overall efficiency and profitability.
Peer comparison
Feb 3, 2024