Academy Sports Outdoors Inc (ASO)
Days of inventory on hand (DOH)
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.00 | 4.60 | 3.39 | 3.26 | 4.33 | |
| DOH | days | 121.81 | 79.40 | 107.65 | 112.01 | 84.35 |
January 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.00
= 121.81
Academy Sports Outdoors Inc's days of inventory on hand (DOH) has fluctuated over the years based on the provided data.
As of January 28, 2023, the company had an inventory turnover rate of 84.35 days, indicating that it takes approximately 84 days for the company to sell its inventory. This rate increased significantly to 112.01 days by January 31, 2023, suggesting a slower inventory turnover rate.
However, by January 31, 2024, the DOH decreased to 107.65 days, showing some improvement in inventory management efficiency. The trend continued as of February 3, 2024, with a further decrease in DOH to 79.40 days, which implies a more rapid turnover of inventory.
Nevertheless, as of January 31, 2025, the DOH increased substantially to 121.81 days, indicating a longer time for inventory turnover. This could be a signal of potential challenges in managing inventory levels efficiently.
Overall, the fluctuation in the DOH ratio for Academy Sports Outdoors Inc suggests varying levels of efficiency in managing inventory during the periods analyzed. Further analysis of the company's inventory management strategies and operational performance may be necessary to address the observed changes in the DOH ratio.
Peer comparison
Jan 31, 2025