National Beverage Corp (FIZZ)
Days of inventory on hand (DOH)
| Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Jan 25, 2020 | Oct 26, 2019 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 9.02 | 8.56 | 8.19 | 8.25 | 8.29 | 8.32 | 8.71 | 8.32 | 6.97 | 7.83 | 8.62 | 9.46 | 9.10 | 9.19 | 9.36 | 10.14 | 9.93 | 10.16 | 9.17 | 8.44 | |
| DOH | days | 40.46 | 42.63 | 44.57 | 44.25 | 44.01 | 43.89 | 41.91 | 43.86 | 52.36 | 46.63 | 42.33 | 38.59 | 40.10 | 39.70 | 38.98 | 36.01 | 36.76 | 35.92 | 39.81 | 43.24 |
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 exhibited some variability over the past several reporting periods. The trend indicates that the company's inventory turnover has fluctuated within a range of approximately 36 to 52 days.
In recent periods, National Beverage Corp has shown a decrease in the average number of days inventory is held before being sold, as evidenced by the lower DOH figures. This suggests that the company may be managing its inventory more efficiently, which could result in cost savings and improved liquidity.
It is important for the company to monitor its DOH closely to ensure that inventory levels are optimized to meet demand without causing excess carrying costs. By maintaining a balanced level of inventory, National Beverage Corp can enhance its overall financial performance and competitiveness in the market.
Peer comparison
Apr 27, 2024