Core & Main Inc (CNM)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 7.78 | 7.15 | 6.54 | 5.68 | 5.61 | 5.02 | 4.66 | 4.71 | ||||
| DOH | days | 46.90 | 51.08 | 55.79 | 64.25 | 65.04 | 72.70 | 78.27 | 77.43 |
January 28, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.78
= 46.90
The days of inventory on hand (DOH) for Core & Main Inc have shown fluctuations over the past few quarters. The trend indicates a declining pattern from 78.27 days in July 2022 to 46.90 days in January 2024. This suggests that the company has been able to manage its inventory more efficiently in recent quarters.
A lower DOH value indicates that the company is selling its inventory at a faster rate, which can be a positive sign of strong sales performance or effective inventory management practices. Conversely, a higher DOH value could imply slower sales or excess inventory levels.
The downward trend in DOH over the past few quarters for Core & Main Inc is a positive signal, indicating potential improvements in inventory management, better demand forecasting, or more effective inventory turnover strategies. It is essential for the company to monitor and maintain optimal inventory levels to balance between meeting customer demands and managing costs effectively.