Greif Bros Corporation (GEF)
Days of inventory on hand (DOH)
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 10.96 | 12.03 | 12.56 | 8.94 | 12.26 | |
| DOH | days | 33.31 | 30.35 | 29.07 | 40.83 | 29.77 |
October 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 10.96
= 33.31
The days of inventory on hand (DOH) for Greif Bros Corporation has shown fluctuations over the past five years. In October 2020, the company had an inventory turnover rate of 29.77 days, indicating that on average, it took approximately 29.77 days to sell its inventory.
Over the subsequent years, the DOH increased to 40.83 days by October 2021, reflecting a slower rate of inventory turnover. This could be a sign of overstocking or decreased demand for the company's products during that period.
However, Greif Bros Corporation managed to improve its inventory management in the following years, as the DOH decreased to 29.07 days by October 2022 and remained relatively stable around 30 days in the subsequent years.
A lower DOH indicates that the company is efficiently managing its inventory and turning it into sales faster, which can lead to lower storage costs and potential for higher profits. Overall, the trend in Greif Bros Corporation's DOH suggests variable inventory management performance over the years, with recent improvements in efficiency.