Foot Locker Inc (FL)
Days of inventory on hand (DOH)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.32 | 4.95 | 6.40 | 7.83 | 6.08 | |
| DOH | days | 68.56 | 73.71 | 57.06 | 46.63 | 60.08 |
February 3, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.32
= 68.56
Analyzing Foot Locker Inc's Days of Inventory on Hand (DOH) over the past five years, we observe a fluctuating trend.
As of February 3, 2024, the company held inventory for an average of 68.56 days, which indicates a moderate level compared to the previous years. This suggests that Foot Locker might be maintaining inventory for a slightly longer period than in the preceding year.
The DOH was highest on January 28, 2023, at 73.71 days, suggesting that the company held inventory for an extended period in that year. Subsequently, on January 29, 2022, the DOH decreased to 57.06 days, indicating an improvement in inventory management efficiency compared to the previous year.
On January 30, 2021, the DOH further decreased to 46.63 days, reflecting a significant reduction in the number of days inventory was held by the company. However, on February 1, 2020, there was a slight increase, with the DOH rising to 60.08 days, implying that Foot Locker held inventory for a longer period relative to the prior year.
Overall, fluctuations in Foot Locker's DOH suggest varying inventory management strategies over the years, with the company demonstrating the ability to adapt its inventory holding periods in response to changing market conditions and operational requirements.
Peer comparison
Feb 3, 2024