Burlington Stores Inc (BURL)
Days of inventory on hand (DOH)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 8.17 | 6.83 | 8.14 | 4.82 | 5.47 | |
| DOH | days | 44.70 | 53.45 | 44.82 | 75.79 | 66.69 |
February 3, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.17
= 44.70
Burlington Stores Inc's days of inventory on hand (DOH) has shown variability over the past five years, as indicated by the data. In the most recent fiscal year ending February 3, 2024, the company managed to reduce its DOH to 44.70 days, representing a significant improvement compared to the previous year's 53.45 days. This reduction suggests that Burlington Stores Inc has become more efficient in managing its inventory levels.
Looking back at the trend, it is evident that the company struggled with inventory management in the fiscal year ending January 30, 2021, and January 28, 2023, where the DOH was 75.79 days and 53.45 days, respectively. This could indicate potential issues with inventory control and turnover during those periods.
Overall, the downward trend in DOH from 2019 to 2024 is a positive sign, showing that Burlington Stores Inc has been able to improve its inventory management efficiency over the years. However, it is essential for the company to maintain this trend in order to optimize its working capital and operational performance.
Peer comparison
Feb 3, 2024