Chewy Inc (CHWY)
Days of inventory on hand (DOH)
| Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 12.34 | 13.08 | 13.93 | 14.50 | 14.42 | 13.62 | 13.28 | 13.86 | 13.52 | 12.60 | 14.47 | 14.89 | 13.05 | 14.83 | 14.49 | 13.10 | 12.77 | 12.54 | 11.58 | 14.70 | |
| DOH | days | 29.57 | 27.90 | 26.20 | 25.16 | 25.31 | 26.80 | 27.49 | 26.33 | 26.99 | 28.96 | 25.22 | 24.52 | 27.97 | 24.62 | 25.19 | 27.87 | 28.57 | 29.10 | 31.51 | 24.83 |
October 27, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 12.34
= 29.57
The days of inventory on hand (DOH) is a financial ratio that measures how many days, on average, a company holds onto its inventory before selling it. For Chewy Inc, the trend in the DOH over the past several quarters indicates that the company has been effectively managing its inventory levels.
From February 2020 to October 2024, Chewy Inc's DOH has ranged from a low of 24.52 days to a high of 31.51 days. The fluctuation in DOH suggests some variability in Chewy Inc's inventory management efficiency over time.
In the most recent quarter, ending October 27, 2024, Chewy Inc had a DOH of 29.57 days, which is relatively higher compared to the previous quarter's DOH of 27.90 days. This increase may indicate a slight slowdown in inventory turnover, which could potentially tie up more capital in inventory.
Overall, the DOH for Chewy Inc has generally remained within a reasonable range, suggesting that the company has been maintaining a good balance between stocking enough inventory to meet demand and avoiding excess inventory that could lead to increased carrying costs or obsolescence.
It is important for Chewy Inc to continue monitoring its inventory levels closely and adjusting its procurement and sales strategies accordingly to optimize its DOH and overall inventory turnover efficiency.
Peer comparison
Oct 27, 2024