Boot Barn Holdings Inc (BOOT)
Days of inventory on hand (DOH)
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.45 | 2.63 | 2.53 | 2.56 | 2.42 | 2.34 | 2.09 | 2.42 | 2.60 | 2.94 | 2.86 | 3.08 | 2.93 | 3.09 | 2.87 | 2.86 | 2.67 | 2.62 | 2.13 | 2.30 | |
| DOH | days | 148.79 | 138.71 | 144.49 | 142.48 | 150.80 | 156.00 | 175.01 | 150.98 | 140.64 | 124.01 | 127.59 | 118.43 | 124.58 | 117.99 | 127.10 | 127.55 | 136.47 | 139.13 | 171.63 | 158.52 |
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 fluctuated over the period analyzed. In recent quarters, the company has shown a decreasing trend in DOH, indicating a more efficient management of inventory. The DOH decreased from 148.79 days in March 2024 to 138.71 days in December 2023. This improvement suggests that the company may be managing its inventory more effectively by optimizing purchasing and production processes.
Looking back further, the DOH was relatively stable around the 140-150 days range in the previous quarters. However, there were some spikes in DOH in the second and third quarters of 2022, reaching levels above 170 days. These spikes may indicate challenges in inventory management, potentially caused by factors such as excess inventory levels or slower inventory turnover.
Analyzing the overall trend, the company has made progress in reducing its DOH over time, which can be a positive sign of operational efficiency. However, it is important for Boot Barn Holdings Inc to continue monitoring and optimizing its inventory levels to ensure a healthy balance between maintaining sufficient stock for customer demand and avoiding excess inventory holding costs.
Peer comparison
Mar 31, 2024