GameStop Corp (GME)
Days of inventory on hand (DOH)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.29 | 6.67 | 5.10 | 6.36 | 5.30 | |
| DOH | days | 58.03 | 54.72 | 71.62 | 57.41 | 68.85 |
February 3, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.29
= 58.03
The days of inventory on hand (DOH) ratio for GameStop Corp has varied over the past five years. As of February 3, 2024, the company had an average of 58.03 days of inventory on hand, indicating that it took approximately 58 days for GameStop to sell its inventory. This represents a slight increase compared to the previous year's DOH of 54.72 days.
Looking further back, in January 29, 2022, GameStop's DOH was notably higher at 71.62 days. This suggests that the company took longer to sell its inventory compared to the most recent year. In comparison, January 30, 2021, and February 1, 2020, saw DOH figures of 57.41 days and 68.85 days, respectively.
The fluctuation in GameStop's DOH ratio over the years indicates changes in the company's inventory management efficiency. A lower DOH typically suggests better inventory turnover and management, while a higher DOH may indicate slower inventory turnover or potentially obsolete inventory.
In conclusion, GameStop Corp's days of inventory on hand ratio has shown variability over the past five years, with the company experiencing fluctuations in its inventory management efficiency. Further analysis and comparison with industry benchmarks may provide additional insights into GameStop's inventory performance.