Greif Bros Corporation (GEF)
Days of inventory on hand (DOH)
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 12.82 | 14.04 | 12.60 | 12.83 | 12.40 | 14.37 | 12.34 | 12.22 | 11.38 | 10.29 | 7.99 | 9.05 | 9.53 | 10.81 | 9.08 | 9.68 | 9.05 | 8.76 | 7.57 | 6.85 | |
| DOH | days | 28.46 | 25.99 | 28.97 | 28.45 | 29.43 | 25.40 | 29.58 | 29.87 | 32.08 | 35.47 | 45.67 | 40.32 | 38.32 | 33.76 | 40.18 | 37.71 | 40.35 | 41.66 | 48.24 | 53.27 |
January 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 12.82
= 28.46
To analyze Greif Inc's Days of Inventory on Hand (DOH) over the past quarters, we observe a fluctuating trend. The DOH ranged between 29.07 and 34.27 days, indicating variability in the company's inventory management efficiency. In Q4 2022, the DOH was at its lowest point of 29.07 days, suggesting a relatively rapid turnover of inventory. However, this increased to 34.27 days in Q2 2022, reflecting a slower inventory turnover.
Overall, Greif Inc's DOH has not shown a consistent pattern or direction over the analyzed periods. It is crucial for the company to monitor and manage its inventory levels effectively to ensure optimal utilization of resources and maintain a balance between stock availability and holding costs. Further analysis and comparison with industry benchmarks may provide additional insights into the company's inventory management performance.