Boot Barn Holdings Inc (BOOT)
Days of inventory on hand (DOH)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 1.60 | 1.68 | 1.56 | 1.72 | 1.76 | 1.91 | 1.84 | 1.87 | 1.78 | 1.71 | 1.53 | 1.78 | 1.93 | 2.19 | 2.13 | 2.29 | 2.17 | 2.29 | 2.12 | 2.11 | |
| DOH | days | 228.40 | 217.59 | 234.47 | 212.43 | 207.75 | 191.57 | 198.11 | 194.86 | 205.49 | 213.63 | 238.94 | 205.03 | 189.58 | 166.54 | 171.27 | 159.07 | 168.14 | 159.55 | 171.85 | 172.62 |
March 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.60
= 228.40
The days of inventory on hand (DOH) for Boot Barn Holdings Inc have shown fluctuating trends over the past few years. The company managed its inventory efficiently during the first half of 2020 and maintained DOH around the 170-day mark. However, there was a decrease in the DOH metric by the end of 2020, indicating a possible improvement in inventory turnover.
During the first half of 2021, DOH remained relatively stable, but by the end of the year, there was a slight increase in DOH to 166.54 days. The trend continued into 2022, with a substantial increase in DOH to 238.94 days by September 30, 2022, suggesting the company might have been facing challenges in managing its inventory efficiently during that period.
Boot Barn Holdings Inc managed to bring down its DOH metric in the following quarters, with the metric gradually decreasing to 191.57 days by December 31, 2023. However, there was a slight increase by the end of the first quarter of 2024.
The DOH metric peaked at 234.47 days by the end of September 30, 2024, indicating a potential inventory management issue that the company might need to address. The metric decreased in subsequent quarters, closing at 228.40 days by March 31, 2025.
Overall, the fluctuating trends in Boot Barn Holdings Inc's days of inventory on hand suggest varying efficiency in managing inventory levels over the analyzed period. The company may need to focus on optimizing its inventory management strategies to ensure better control and utilization of its inventory resources.
Peer comparison
Mar 31, 2025