AZZ Incorporated (AZZ)
Days of inventory on hand (DOH)
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 10.64 | 10.53 | 10.37 | 10.45 | 9.98 | 9.18 | 8.58 | 8.09 | 7.72 | 7.10 | 6.17 | 3.88 | 5.37 | 6.15 | 6.27 | 6.51 | 7.00 | 7.41 | 7.91 | 7.43 | |
| DOH | days | 34.30 | 34.67 | 35.20 | 34.94 | 36.58 | 39.75 | 42.55 | 45.10 | 47.30 | 51.38 | 59.13 | 94.00 | 67.94 | 59.35 | 58.20 | 56.04 | 52.16 | 49.27 | 46.15 | 49.12 |
February 28, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 10.64
= 34.30
The days of inventory on hand (DOH) for AZZ Incorporated have varied over the analyzed period, showing fluctuations from 49.12 days as of May 31, 2020, to a peak of 94.00 days as of May 31, 2022. There was a noticeable increase in DOH from February 28, 2022, to May 31, 2022, indicating a potential buildup in inventory levels during that period.
Subsequently, there was a significant decline in DOH to 39.75 days by November 30, 2023, suggesting a more efficient management of inventory levels. The trend continued with a further decrease in DOH to 34.30 days by February 28, 2025, showcasing the company's ability to optimize its inventory holding period.
Overall, the decreasing trend in DOH from 2022 to 2025 indicates an improvement in inventory management efficiency by AZZ Incorporated, potentially leading to enhanced working capital management and cost control within the organization.
Peer comparison
Feb 28, 2025