Ethan Allen Interiors Inc (ETD)
Days of inventory on hand (DOH)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.00 | 4.42 | 3.85 | 4.21 | 2.12 | |
| DOH | days | 91.18 | 82.67 | 94.73 | 86.71 | 172.58 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.00
= 91.18
The days of inventory on hand (DOH) for Ethan Allen Interiors Inc have shown some fluctuations over the past five years. In the most recent period ending June 30, 2024, the company had 91.18 days of inventory on hand, compared to 82.67 days in the previous year. This increase indicates that the company may be carrying more inventory relative to its sales volume.
In general, a higher DOH value may suggest inefficiencies in inventory management, such as overstocking or slower inventory turnover. On the other hand, a lower DOH value could indicate more effective inventory control and potentially lower holding costs.
The historical trend of DOH for Ethan Allen Interiors Inc reveals some volatility, with the metric fluctuating between 82.67 days to 172.58 days over the past five years. It would be advisable for the company to closely monitor its inventory levels and implement strategies to optimize inventory turnover and reduce excess inventory, thus improving operational efficiency and profitability.
Peer comparison
Jun 30, 2024