Coty Inc (COTY)

Days of inventory on hand (DOH)

Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020
Inventory turnover 7.29 5.87 7.64 7.11 8.92
DOH days 50.06 62.17 47.81 51.31 40.94

June 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.29
= 50.06

The days of inventory on hand (DOH) for Coty Inc have fluctuated over the past five years, ranging from a low of 40.94 days in June 2020 to a high of 62.17 days in June 2023. In the most recent period ending June 30, 2024, the DOH stood at 50.06 days.

A lower DOH indicates that Coty Inc is selling its inventory more quickly, which may be seen as a positive sign of efficient inventory management and strong sales. Conversely, a higher DOH suggests that the company is holding onto inventory for a longer period, which may tie up capital and potentially lead to obsolescence risks.

Overall, the trend in Coty Inc's DOH suggests some variability in inventory management efficiency over the years, and further analysis of the factors influencing these fluctuations would be warranted for a more in-depth assessment of the company's performance in this area.


Peer comparison

Jun 30, 2024