AZZ Incorporated (AZZ)
Days of inventory on hand (DOH)
| Feb 28, 2025 | Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 10.64 | 9.98 | 7.14 | 5.37 | 7.00 | |
| DOH | days | 34.30 | 36.58 | 51.11 | 67.94 | 52.16 |
February 28, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 10.64
= 34.30
AZZ Incorporated's days of inventory on hand (DOH) has fluctuated over the past five fiscal years. In February 2021, the company held inventory for an average of 52.16 days before selling it, which increased to 67.94 days in February 2022. Subsequently, there was a notable decrease in DOH to 51.11 days in February 2023. The trend continued with a significant drop to 36.58 days in February 2024, indicating a more efficient management of inventory. By February 2025, the DOH further decreased to 34.30 days, signaling that the company is managing its inventory levels effectively, potentially leading to lower holding costs and improved cash flow efficiency.
Peer comparison
Feb 28, 2025