Dick’s Sporting Goods Inc (DKS)
Days of inventory on hand (DOH)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.25 | 3.98 | 4.47 | 4.53 | 3.82 | |
| DOH | days | 85.95 | 91.68 | 81.72 | 80.60 | 95.59 |
February 3, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.25
= 85.95
The days of inventory on hand (DOH) for Dick’s Sporting Goods Inc have shown fluctuations over the past five years. In the most recent fiscal year, as of February 3, 2024, the company had an average of 85.95 days of inventory on hand, which was a decrease from the previous year's 91.68 days. This suggests that the company managed its inventory more efficiently in the latest fiscal year.
Comparing the latest fiscal year to two years prior, there has been a steady improvement in inventory management, with 85.95 days in 2024 compared to 81.72 days in 2022. This indicates that Dick’s Sporting Goods Inc has been able to reduce the number of days its inventory sits on the shelves, potentially indicating a more streamlined supply chain and inventory control processes.
However, when looking at the long-term trend, the DOH has been somewhat volatile, with fluctuations between 80.60 days in 2021 and 95.59 days in 2020. This suggests that the company may still face challenges in optimizing its inventory levels consistently over time.
Overall, while there have been improvements in inventory management for Dick’s Sporting Goods Inc in recent years, further efforts may be required to maintain a more stable and efficient level of days of inventory on hand in the long run.
Peer comparison
Feb 3, 2024