Buckle Inc (BKE)

Days of inventory on hand (DOH)

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Inventory turnover		7.84	8.13	9.39	7.26	6.34
DOH	days	46.56	44.91	38.85	50.31	57.57

February 3, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.84
= 46.56

The days of inventory on hand (DOH) for Buckle Inc have fluctuated over the past five years. The trend indicates that the company has been effectively managing its inventory levels, with a decrease in DOH from 57.57 days in February 2020 to 38.85 days in January 2022. This signifies a more efficient inventory turnover, which is a positive indicator of inventory management. However, there was a slight increase in DOH to 46.56 days in February 2024 compared to the previous year, which may suggest a slower inventory turnover or potential changes in the company's inventory management practices. Overall, while Buckle Inc has shown improvements in managing its inventory efficiently, it is essential for the company to monitor its inventory levels closely to optimize its working capital and profitability.