Foot Locker Inc (FL)
Days of inventory on hand (DOH)
| Feb 3, 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 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 5.31 | 3.06 | 3.15 | 3.31 | 3.61 | 3.50 | 3.57 | 4.25 | 4.64 | 4.54 | 5.43 | 5.71 | 4.31 | 3.32 | 1.70 | 0.05 | 0.05 | 0.02 | 0.03 | 0.02 | |
| DOH | days | 68.74 | 119.09 | 115.99 | 110.33 | 101.23 | 104.29 | 102.35 | 85.80 | 78.69 | 80.32 | 67.18 | 63.93 | 84.75 | 110.04 | 214.26 | 6,822.69 | 6,889.38 | 15,353.55 | 13,995.47 | 21,048.33 |
February 3, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.31
= 68.74
The days of inventory on hand (DOH) for Foot Locker Inc have shown fluctuations over the past few reporting periods. The trend indicates that DOH has ranged from as low as 63.93 days to as high as 214.26 days, with extreme values of 6,822.69 days, 6,889.38 days, 15,353.55 days, and 13,995.47 days noted in specific reporting periods.
In general, a lower number of DOH is preferred as it signifies that the company is selling its inventory more quickly, while a higher number suggests slower inventory turnover. The high DOH values seen in some periods may be attributed to factors like excess inventory levels, slower sales, or inefficiencies in inventory management. Conversely, the lower DOH values indicate better control over inventory levels and efficient inventory management systems.
It is important for Foot Locker Inc to closely monitor and manage its inventory levels to optimize working capital and maintain profitability. By analyzing the trends in DOH over time, the company can make informed decisions to improve inventory turnover and operational efficiency.
Peer comparison
Feb 3, 2024