H B Fuller Company (FUL)
Days of inventory on hand (DOH)
| Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 5.06 | 5.66 | 5.47 | 5.28 | 5.20 | 5.66 | 4.99 | 4.92 | 4.64 | 5.43 | 5.06 | 5.17 | 5.38 | 6.29 | 5.67 | 5.20 | 5.44 | 6.20 | 5.66 | 5.62 | |
| DOH | days | 72.18 | 64.49 | 66.79 | 69.08 | 70.17 | 64.44 | 73.13 | 74.19 | 78.64 | 67.28 | 72.14 | 70.61 | 67.87 | 58.01 | 64.40 | 70.17 | 67.07 | 58.90 | 64.53 | 64.95 |
March 2, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.06
= 72.18
The Days of Inventory on Hand (DOH) for H B Fuller Company has fluctuated over the past few quarters. Based on the data provided, the company had an average DOH of approximately 67 days over the last 20 quarters.
The DOH ranged from a low of 58.01 days in November 2020 to a high of 78.64 days in February 2022, indicating some variability in the company's inventory management efficiency.
Overall, a higher DOH suggests that the company is holding more inventory relative to its sales, which may tie up capital and increase carrying costs. On the other hand, a lower DOH could indicate efficient inventory management but may also pose risks of stockouts.
It is important for H B Fuller Company to carefully monitor and manage its inventory levels to balance between ensuring product availability and minimizing excess inventory costs. Periodic review and adjustment of inventory practices based on demand trends and operational efficiency can help optimize the company's inventory management strategy.