Fox Factory Holding Corp (FOXF)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.41 | 3.79 | 3.78 | 3.51 | 3.75 | 3.57 | 3.48 | 3.67 | 3.82 | 4.04 | 4.42 | 4.88 | 5.90 | 5.05 | 4.35 | 4.12 | 4.76 | 4.47 | 4.10 | 4.26 | |
| DOH | days | 107.13 | 96.21 | 96.50 | 104.04 | 97.45 | 102.32 | 104.98 | 99.46 | 95.59 | 90.36 | 82.63 | 74.82 | 61.85 | 72.35 | 83.95 | 88.61 | 76.64 | 81.58 | 89.11 | 85.65 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.41
= 107.13
The days of inventory on hand (DOH) for Fox Factory Holding Corp has exhibited variability over the past five years. The trend shows fluctuations in inventory management efficiency, with some periods showing higher DOH values than others.
In recent quarters, there has been an increase in the number of days it takes for Fox Factory Holding Corp to turn its inventory into sales, with DOH ranging from 96 to 107 days. This may suggest a need to assess and potentially improve inventory management practices to avoid tying up excessive capital in inventory and ensure timely turnover.
Comparing with historical data, the DOH has generally increased over the past five years, indicating potential challenges in maintaining optimal inventory levels relative to sales demand. This trend may prompt further investigation into the causes behind the prolonged inventory holding periods and the impact on working capital management.
Overall, a thorough analysis of the factors influencing inventory levels and the company's ability to convert inventory into sales will be crucial in evaluating the efficiency and effectiveness of Fox Factory Holding Corp's operations.
Peer comparison
Dec 31, 2023