Foot Locker Inc (FL)
Days of inventory on hand (DOH)
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.72 | 5.32 | 3.91 | 3.62 | 4.95 | |
| DOH | days | 98.24 | 68.56 | 93.43 | 100.70 | 73.71 |
January 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.72
= 98.24
Analyzing Foot Locker Inc's Days of Inventory on Hand (DOH) over the specified period, we observe fluctuations in the efficiency of managing inventory.
- On January 28, 2023, the DOH stood at 73.71 days, indicating that the company held its inventory for approximately 74 days before selling it.
- By January 31, 2023, the DOH increased significantly to 100.70 days, suggesting a slower turnover rate of inventory.
- However, there was an improvement by January 31, 2024, with the DOH decreasing to 93.43 days, indicating a more efficient inventory management compared to the previous year.
- Subsequently, on February 3, 2024, the DOH decreased further to 68.56 days, showing a significant improvement in inventory turnover.
- Finally, on January 31, 2025, the DOH increased to 98.24 days, indicating a slightly longer period of holding inventory before sale compared to the previous year.
Overall, while there were fluctuations in Foot Locker Inc's DOH over the analyzed period, it is essential for the company to strive for a balance between keeping adequate inventory levels and efficiently managing its inventory turnover to enhance operational performance and profitability.
Peer comparison
Jan 31, 2025