Griffon Corporation (GFF)
Days of inventory on hand (DOH)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.47 | 5.29 | 4.62 | 4.54 | 7.22 | |
| DOH | days | 66.70 | 68.97 | 79.07 | 80.32 | 50.56 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.47
= 66.70
The days of inventory on hand (DOH) for Griffon Corporation have shown a fluctuating trend over the past five years. The company's DOH was 66.70 days as of September 30, 2024, which represents a slight decrease from the previous year's DOH of 68.97 days.
Comparing the current DOH to earlier years, we observe that Griffon Corporation has managed to reduce its inventory holding period over the past two years. In September 2022, the DOH was 79.07 days, showing a significant improvement from the high of 80.32 days in September 2021.
It is worth noting that in September 2020, the company had a relatively lower DOH of 50.56 days, indicating that Griffon Corporation was able to manage its inventory more efficiently that year.
Overall, the trend in Griffon Corporation's DOH suggests that the company has made efforts to optimize its inventory management processes, aiming to achieve a balance between carrying enough inventory to meet demand and minimizing the costs associated with excess inventory.