Fox Factory Holding Corp (FOXF)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.44 | 2.43 | 2.49 | 2.75 | 2.69 | 3.04 | 3.05 | 2.84 | 3.06 | 2.90 | 2.83 | 2.99 | 3.10 | 3.29 | 3.60 | 3.94 | 4.73 | 4.04 | 3.49 | 3.36 | |
| DOH | days | 149.66 | 150.02 | 146.35 | 132.60 | 135.81 | 120.11 | 119.51 | 128.39 | 119.48 | 125.72 | 128.96 | 122.14 | 117.85 | 110.85 | 101.44 | 92.60 | 77.18 | 90.32 | 104.49 | 108.76 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.44
= 149.66
The Days of Inventory on Hand (DOH) for Fox Factory Holding Corp has been showing a fluctuating trend over the quarters. From March 2020 to June 2020, there was a slight decrease in DOH from 108.76 days to 104.49 days. This decrease continued until December 2020, reaching 77.18 days, indicating an improvement in inventory management efficiency.
However, starting from March 2021, the DOH started to increase, reaching 128.96 days by June 2022. This upward trend continued until December 2024, where it peaked at 149.66 days.
The increase in DOH from 2021 onwards may suggest potential issues related to inventory management, such as slower inventory turnover or an increase in excess inventory levels. This could tie up working capital and lead to potential obsolescence risks.
It's important for Fox Factory Holding Corp to closely monitor and address the increasing DOH numbers to optimize inventory levels and improve efficiency in managing working capital in the future.
Peer comparison
Dec 31, 2024