FedEx Corporation (FDX)
Days of inventory on hand (DOH)
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 63.61 | 46.00 | 46.99 | 47.37 | 50.74 | 68.03 | 65.79 | 66.55 | 65.95 | 63.55 | 64.24 | 63.65 | 60.15 | 44.95 | 41.91 | 39.91 | 44.74 | 45.10 | 48.60 | 53.39 | |
| DOH | days | 5.74 | 7.93 | 7.77 | 7.71 | 7.19 | 5.37 | 5.55 | 5.48 | 5.53 | 5.74 | 5.68 | 5.73 | 6.07 | 8.12 | 8.71 | 9.15 | 8.16 | 8.09 | 7.51 | 6.84 |
May 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 63.61
= 5.74
The days of inventory on hand (DOH) for FedEx Corporation have shown some fluctuations over the past several quarters. On average, the company has maintained its inventory for around 7 days on hand.
A downward trend in DOH was observed from November 2020 to May 2021, indicating a potential improvement in inventory management efficiency during that period. However, there was a slight increase in DOH in the following quarters, with the highest point reaching 9.15 days in August 2020.
Overall, the fluctuations in DOH suggest that FedEx may have experienced varying levels of inventory turnover and management effectiveness during the analyzed period. It is essential for the company to carefully monitor and optimize its inventory levels to ensure efficient operations and cost management.
See also:
FedEx Corporation Average Inventory Processing Period (Quarterly Data)