Cracker Barrel Old Country Store (CBRL)

Days of inventory on hand (DOH)

		Aug 2, 2024	Apr 26, 2024	Jan 26, 2024	Oct 27, 2023	Jul 28, 2023	Apr 28, 2023	Jan 27, 2023	Oct 28, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 29, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 30, 2020	Jul 31, 2020	May 1, 2020	Jan 31, 2020	Nov 1, 2019
Inventory turnover		14.89	14.96	15.02	12.49	13.73	14.07	13.72	10.85	11.47	12.38	14.95	13.61	15.04	14.49	13.33	12.18	14.05	14.47	14.40	11.91
DOH	days	24.51	24.40	24.30	29.21	26.58	25.94	26.60	33.63	31.82	29.49	24.42	26.82	24.27	25.20	27.37	29.97	25.98	25.23	25.35	30.63

August 2, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 14.89
= 24.51

The Days of Inventory on Hand (DOH) ratio for Cracker Barrel Old Country Store has shown some fluctuations over the past couple of years. The DOH ratio represents the number of days it takes for the company to sell its average inventory balance.

From the data provided, we can see that the DOH ratio has ranged from a low of 24.27 days to a high of 33.63 days. A higher DOH indicates that the company is holding onto its inventory for a longer period before being sold, which may tie up capital and increase storage costs. On the other hand, a lower DOH could suggest efficient inventory management and a quicker turnover of goods.

The trend in the DOH ratio for Cracker Barrel Old Country Store seems to have fluctuated between 24 and 33 days, with some variability across the periods analyzed. It is important for the company to strike a balance in managing its inventory to ensure optimal levels that support sales and profitability. Further analysis and comparison with industry benchmarks may provide additional insights into the company's inventory management efficiency.