Capri Holdings Ltd (CPRI)
Days of inventory on hand (DOH)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.26 | 4.66 | 4.31 | 5.45 | 6.93 | |
| DOH | days | 58.29 | 78.35 | 84.77 | 67.01 | 52.63 |
March 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.26
= 58.29
Capri Holdings Ltd's days of inventory on hand (DOH) has fluctuated over the past five years. The trend reveals that there was an increase in DOH from 52.63 days in 2020 to 84.77 days in 2022, indicating that inventory was held for a longer period in 2022. However, in the subsequent years, there was a decline in DOH to 58.29 days in 2024, suggesting that the company may have improved inventory management efficiency by reducing the number of days it holds inventory.
The decrease in DOH from 2022 to 2024 may imply that Capri Holdings Ltd has been more effective in managing its inventory levels, which could result in lower carrying costs and potential for increased cash flow. This improvement in inventory turnover ratio could be a positive signal for the company's operational performance and overall financial health. Further analysis of inventory turnover and working capital management may provide additional insights into the company's efficiency in managing its inventory.
Peer comparison
Mar 31, 2024