Dick’s Sporting Goods Inc (DKS)
Days of inventory on hand (DOH)
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.18 | 3.56 | 4.05 | 3.72 | 3.92 | 3.15 | 3.43 | 3.62 | 4.50 | 4.14 | 5.04 | 4.89 | 4.53 | 3.69 | 4.43 | 3.85 | 3.82 | 3.20 | 3.80 | 3.74 | |
| DOH | days | 87.31 | 102.58 | 90.15 | 98.13 | 93.09 | 115.96 | 106.44 | 100.76 | 81.10 | 88.26 | 72.40 | 74.57 | 80.60 | 99.03 | 82.45 | 94.69 | 95.59 | 114.24 | 96.17 | 97.48 |
February 3, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.18
= 87.31
The days of inventory on hand (DOH) for Dick's Sporting Goods Inc has fluctuated over the past 20 reporting periods. The company's inventory turnover has varied between a low of 72.40 days to a high of 115.96 days, indicating some inconsistency in managing inventory levels.
On average, the company has maintained a DOH of around 90 days, with a standard deviation of approximately 13 days. This suggests that Dick's Sporting Goods Inc may have faced challenges in optimizing its inventory management practices, leading to potential inefficiencies in holding onto inventory for extended periods.
It is essential for the company to closely monitor and analyze its inventory turnover rate to ensure efficient utilization of resources and minimize carrying costs associated with excess inventory. By implementing strategies to improve inventory turnover, such as better demand forecasting, lean inventory practices, and efficient supply chain management, Dick's Sporting Goods Inc can enhance its operational efficiency and profitability in the long run.
Peer comparison
Feb 3, 2024