Boot Barn Holdings Inc (BOOT)
Days of inventory on hand (DOH)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 2.45 | 2.42 | 2.60 | 2.93 | 2.67 | |
| DOH | days | 148.79 | 150.80 | 140.64 | 124.58 | 136.46 |
March 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.45
= 148.79
The days of inventory on hand (DOH) for Boot Barn Holdings Inc has fluctuated over the past five years. The trend shows an increase from 124.58 days in 2021 to 150.80 days in 2023, then a decrease to 148.79 days in 2024. This metric indicates the average number of days it takes for the company to sell its inventory. A higher DOH value suggests that the company is holding onto inventory for a longer period before selling it, which may lead to higher carrying costs and potential obsolescence risks. Conversely, a lower DOH value indicates better inventory management and efficient sales practices. Boot Barn may need to assess its inventory management strategies to optimize the DOH metric and improve overall operational efficiency and profitability.
Peer comparison
Mar 31, 2024