Five Below Inc (FIVE)
Days of inventory on hand (DOH)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.46 | 5.40 | 5.66 | 6.70 | 5.23 | |
| DOH | days | 66.85 | 67.64 | 64.54 | 54.44 | 69.83 |
February 3, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.46
= 66.85
Five Below Inc's days of inventory on hand (DOH) has shown variable trends over the past five years. In 2024, the DOH was 66.85 days, indicating that the company held its inventory for approximately 67 days before selling it. This is a slight decrease from the previous year, where the DOH was 67.64 days.
Comparing to the DOH of 64.54 days in 2022, the increase in 2024 suggests that Five Below Inc may have had slightly slower inventory turnover in the most recent year. However, it is noteworthy that the DOH in 2024 is still lower than in 2020 when it was 69.83 days.
Overall, the trend in Five Below Inc's DOH indicates some fluctuations in inventory management efficiency over the years, which could be impacted by various factors such as changes in consumer demand, inventory procurement strategies, or supply chain disruptions. Keeping the DOH at an optimal level is crucial for the company to balance inventory holding costs with ensuring sufficient product availability to meet customer demand.
Peer comparison
Feb 3, 2024