Donaldson Company Inc (DCI)
Days of inventory on hand (DOH)
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.68 | 4.46 | 4.34 | 4.53 | 4.87 | 5.17 | 5.27 | 5.25 | 5.43 | 5.09 | 4.56 | 4.68 | 4.46 | 4.21 | 4.31 | 4.43 | 4.89 | 4.95 | 4.88 | 5.11 | |
| DOH | days | 77.96 | 81.76 | 84.11 | 80.60 | 75.01 | 70.62 | 69.27 | 69.52 | 67.22 | 71.70 | 80.02 | 77.93 | 81.89 | 86.77 | 84.72 | 82.31 | 74.57 | 73.67 | 74.73 | 71.47 |
July 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.68
= 77.96
The analysis of Donaldson Company Inc.'s days of inventory on hand (DOH) over the specified period indicates fluctuations with a general pattern of variability across the quarters. Starting from an average of approximately 71.47 days as of October 31, 2020, the DOH exhibited an upward trend, reaching a peak of 86.77 days on April 30, 2022. This increase suggests a period where inventory levels were relatively higher or inventory turnover slowed down.
Between April 2022 and October 2022, the DOH decreased to 77.93 days, implying some operational improvements or adjustments leading to quicker inventory turnover. The downward trend continued into early 2023, with DOH reaching approximately 69.27 days as of January 31, 2024, indicating a period of inventory efficiency.
However, from this low point, the DOH gradually increased again, reaching 80.60 days by October 31, 2024, and further rising to an estimated 84.11 days by January 31, 2025. This pattern suggests a tendency toward higher inventory levels relative to sales during this later period, potentially reflecting changes in inventory management, supply chain considerations, or strategic positioning.
Overall, the DOH data reveals a cycle of inventory accumulation and clearing, with periods of both efficiency and excess. Leadership attention to inventory management efficiency appears warranted, particularly given the recent upward trend toward higher DOH figures, which may impact working capital and operational flexibility.