National Beverage Corp (FIZZ)
Days of inventory on hand (DOH)
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 9.02 | 9.02 | 8.29 | 8.29 | 6.97 | |
| DOH | days | 40.46 | 40.46 | 44.01 | 44.01 | 52.36 |
April 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.02
= 40.46
The days of inventory on hand (DOH) for National Beverage Corp has shown a decreasing trend over the years, declining from 52.36 days as of April 30, 2022, to 40.46 days as of April 30, 2024. This indicates that the company has been managing its inventory more efficiently, holding less inventory relative to its sales. A lower DOH value suggests that the company is able to sell its inventory quicker, which can lead to lower storage costs and better cash flow management. Overall, the decreasing trend in DOH reflects positively on National Beverage Corp's inventory management practices and operational efficiency.
Peer comparison
Apr 30, 2024