Acuity Brands Inc (AYI)
Days of inventory on hand (DOH)
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 9.61 | 7.29 | 4.98 | 6.01 | 6.43 | |
| DOH | days | 37.98 | 50.09 | 73.28 | 60.73 | 56.72 |
August 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.61
= 37.98
The days of inventory on hand (DOH) for Acuity Brands, Inc. have fluctuated over the past five years. In 2023, the DOH decreased to 60.07 days from 75.98 days in 2022. This indicates that the company was able to manage its inventory more efficiently in 2023. Comparing the 2023 DOH to historical data, there appears to be a slight improvement from 2020 and 2019. However, DOH was higher in 2021, suggesting a potential inventory management challenge that year. Overall, a lower DOH signifies that Acuity Brands, Inc. is more effective in selling its inventory or managing its raw materials, which could lead to lower carrying costs and potential cost savings.
Peer comparison
Aug 31, 2023