Core & Main Inc (CNM)
Days of inventory on hand (DOH)
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Apr 30, 2022 | Jan 31, 2022 | Jan 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.06 | 5.63 | 5.40 | 5.36 | 7.00 | 7.35 | 7.21 | 6.97 | 5.73 | 5.60 | 4.57 | 4.92 | 5.26 | 4.95 | 4.82 | 4.18 | 4.38 | 4.02 | 5.01 | 5.07 | |
| DOH | days | 60.21 | 64.80 | 67.57 | 68.07 | 52.15 | 49.69 | 50.65 | 52.40 | 63.74 | 65.13 | 79.92 | 74.16 | 69.33 | 73.77 | 75.65 | 87.32 | 83.41 | 90.91 | 72.85 | 71.95 |
January 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.06
= 60.21
The days of inventory on hand (DOH) for Core & Main Inc have exhibited fluctuations over the past few years. The company's DOH ranged between a high of around 90 days in April 2022 and a low of approximately 50 days in October 2023. This indicates variations in the efficiency of inventory management during different periods.
In general, a lower DOH reflects a more efficient inventory management system, as it suggests that the company is selling its inventory quickly. Conversely, a higher DOH may indicate excess inventory levels or potential issues in sales and demand forecasting.
It is essential for Core & Main Inc to closely monitor its inventory turnover and adjust its inventory levels accordingly to optimize working capital utilization and minimize carrying costs associated with excess inventory. By maintaining an optimal balance between inventory levels and sales, the company can enhance its liquidity and profitability.