National Beverage Corp (FIZZ)
Days of inventory on hand (DOH)
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | May 1, 2021 | May 2, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 9.02 | 8.29 | 6.97 | 9.10 | 9.93 | |
| DOH | days | 40.46 | 44.01 | 52.36 | 40.10 | 36.76 |
April 27, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.02
= 40.46
The days of inventory on hand (DOH) for National Beverage Corp have shown a fluctuating trend over the past five years. In the most recent fiscal year ending on April 27, 2024, the company reported a DOH of 40.46 days, which was a decrease from the previous year's DOH of 44.01 days. This reduction indicates that the company was able to manage its inventory more efficiently in the most recent year.
Comparing the DOH of the past five years, we observe that the company's inventory turnover has varied significantly. The highest DOH was recorded on April 30, 2022, with a figure of 52.36 days, suggesting that the company held inventory for a longer period during that fiscal year. Conversely, the lowest DOH was noted on May 2, 2020, at 36.76 days, indicating a more rapid turnover of inventory in that particular year.
Overall, the fluctuations in National Beverage Corp's DOH over the five-year period may reflect changes in the company's inventory management strategies, seasonal variations in demand, or other operational factors. Further analysis of the underlying reasons for these fluctuations would provide valuable insights into the company's inventory management efficiency and supply chain performance.
Peer comparison
Apr 27, 2024