Estee Lauder Companies Inc (EL)

Days of inventory on hand (DOH)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Inventory turnover		7.10	5.09	5.23	5.73	7.04
DOH	days	51.40	71.74	69.84	63.68	51.85

June 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.10
= 51.40

The days of inventory on hand (DOH) for Estee Lauder Companies Inc have fluctuated over the past five years. In particular, the company held inventory for an average of 51.40 days as of June 30, 2024, a decrease from 71.74 days in 2023 and 69.84 days in 2022. This suggests an improvement in the efficiency of managing inventory levels. However, it is worth noting that the DOH had increased from 63.68 days in 2021 to 71.74 days in 2023 before declining in the most recent year, indicating some volatility in inventory management. The current level of 51.40 days reflects a relatively lower amount of time inventory is held before being sold, which could imply better inventory turnover and liquidity for the company.