BJs Wholesale Club Holdings Inc (BJ)

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	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Inventory turnover		11.22	9.60	10.29	10.46	11.52	10.25	10.88	9.68	10.93	10.54	12.33	11.19	10.33	9.57	11.66	10.98	9.95	8.42	10.44	9.86
DOH	days	32.53	38.01	35.49	34.90	31.68	35.61	33.53	37.71	33.39	34.64	29.59	32.63	35.34	38.15	31.31	33.24	36.67	43.36	34.95	37.01

February 3, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 11.22
= 32.53

Based on the historical data provided, BJs Wholesale Club Holdings Inc's days of inventory on hand (DOH) fluctuated over the past twenty reporting periods. The DOH ranged from a low of 29.59 days to a high of 43.36 days, indicating variability in inventory management efficiency.

On average, BJs Wholesale Club Holdings Inc held inventory for approximately 34.76 days during the period under consideration. The company's inventory turnover seemed to be relatively stable over time, with occasional peaks and troughs.

A lower DOH suggests that the company is efficiently managing its inventory and turning it over more quickly, which can improve liquidity and reduce holding costs. Conversely, a higher DOH may indicate slower inventory turnover, potentially tying up capital in unsold goods and increasing the risk of obsolescence.

In assessing the company's DOH, it is essential to consider industry benchmarks and trends to determine how well BJs Wholesale Club Holdings Inc is performing relative to its peers. Additionally, monitoring changes in DOH over time can provide insights into the company's inventory management strategies and effectiveness in responding to market demands.