Chewy Inc (CHWY)

Days of inventory on hand (DOH)

Jan 31, 2025 Jan 31, 2024 Jan 28, 2024 Jan 31, 2023 Jan 29, 2023
Inventory turnover 10.03 11.10 14.50 10.76 13.86
DOH days 36.38 32.87 25.16 33.92 26.33

January 31, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 10.03
= 36.38

The days of inventory on hand (DOH) for Chewy Inc have shown a slight fluctuation over the past few years. As of January 29, 2023, the company had an inventory turnover rate of 26.33 days, indicating that on average, it took approximately 26 days to sell its inventory. This metric increased to 33.92 days by January 31, 2023, suggesting a longer period to turn over inventory.

However, there was a positive trend observed in the following years, with the DOH decreasing to 25.16 days as of January 28, 2024, and further improving to 32.87 days by January 31, 2024. This indicates a more efficient inventory management process during these periods.

As of the latest data point on January 31, 2025, the DOH metric rose to 36.38 days, suggesting a potential slowdown in inventory turnover compared to the previous year. It is essential for Chewy Inc to monitor this metric closely to ensure optimal inventory management and minimize carrying costs. Overall, while there have been fluctuations, Chewy Inc should aim to strike a balance between maintaining adequate inventory levels and improving inventory turnover efficiency.