Core & Main Inc (CNM)
Days of inventory on hand (DOH)
| Jan 31, 2025 | Jan 31, 2024 | Jan 28, 2024 | Jan 31, 2023 | Jan 29, 2023 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.01 | 6.38 | 7.78 | 4.64 | 5.61 | |
| DOH | days | 60.69 | 57.25 | 46.90 | 78.70 | 65.04 |
January 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.01
= 60.69
Based on the provided data, Core & Main Inc's days of inventory on hand (DOH) have fluctuated over the past few years. In January 2023, the company had 65.04 days of inventory on hand, which increased to 78.70 days by January 31, 2023. This sudden increase may indicate potential issues with inventory management or overstocking.
However, the company seems to have made improvements as the days of inventory on hand decreased significantly to 46.90 days by January 28, 2024, and increased slightly to 57.25 days by January 31, 2024. This improvement suggests that Core & Main Inc may have implemented better inventory control measures to optimize its inventory levels.
By January 31, 2025, the days of inventory on hand stood at 60.69 days, indicating that the company continued to maintain a reasonable level of inventory relative to its sales. Overall, Core & Main Inc should continue to monitor its DOH metric to ensure optimal inventory management practices and efficient use of resources.