Fox Factory Holding Corp (FOXF)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 2.40 | 2.69 | 3.06 | 3.10 | 4.73 | |
| DOH | days | 152.24 | 135.81 | 119.48 | 117.85 | 77.18 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.40
= 152.24
Fox Factory Holding Corp's days of inventory on hand (DOH) has shown an increasing trend over the past five years. As of December 31, 2020, the company held inventory for an average of 77.18 days, which increased to 117.85 days by December 31, 2021. The trend continued with DOH reaching 119.48 days by December 31, 2022, followed by a further increase to 135.81 days by December 31, 2023. The most recent data point as of December 31, 2024, indicates that Fox Factory Holding Corp's DOH has reached 152.24 days.
The increasing trend in the days of inventory on hand suggests that the company may be facing challenges in managing its inventory efficiently. A higher DOH value may indicate excess inventory levels, slow-moving inventory, or potential inefficiencies in production or distribution processes. It's important for the company to closely monitor its inventory levels and strive for a balance between maintaining adequate inventory to meet customer demand and minimizing holding costs associated with excess inventory.
Further analysis and investigation into the factors contributing to the rising DOH can help Fox Factory Holding Corp optimize its inventory management practices, improve working capital efficiency, and enhance overall operational performance.
Peer comparison
Dec 31, 2024