Academy Sports Outdoors Inc (ASO)
Days of inventory on hand (DOH)
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.60 | 3.64 | 4.19 | 4.00 | 4.33 | 3.76 | 4.35 | 4.37 | 5.01 | 4.31 | 5.02 | ||||
| DOH | days | 79.40 | 100.16 | 87.01 | 91.19 | 84.35 | 97.17 | 83.84 | 83.51 | 72.92 | 84.74 | 72.65 |
February 3, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.60
= 79.40
Academy Sports Outdoors Inc's Days of Inventory on Hand (DOH) fluctuated over the past few fiscal periods. The company had a DOH of 79.40 days on Feb 3, 2024, which decreased from 100.16 days on Oct 28, 2023. This indicates an improvement in managing inventory levels efficiently.
The trend in DOH shows slight fluctuations over the periods, with values ranging from 72.65 days to 100.16 days. On average, the company is holding inventory for approximately 80-90 days before selling or using it, reflecting the time it takes for inventory turnover.
A lower DOH implies better inventory management efficiency, as it indicates that inventory is being sold or used more quickly. In contrast, a higher DOH may suggest overstocking, potential obsolescence, or slower sales.
It is essential for Academy Sports Outdoors Inc to closely monitor its inventory turnover rate and maintain an optimal balance between holding enough inventory to meet demand and avoiding excess inventory carrying costs. Continuous evaluation and adjustment of inventory levels will help the company improve operational efficiency and profitability.
Peer comparison
Feb 3, 2024