GMS Inc (GMS)
Days of inventory on hand (DOH)
| Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 8.64 | 8.41 | 8.68 | 8.31 | 8.32 | 8.13 | 8.15 | 7.72 | 7.59 | 6.64 | 6.43 | 6.97 | 8.63 | 6.97 | 7.59 | 8.14 | 7.95 | 8.52 | 6.80 | 5.96 | |
| DOH | days | 42.24 | 43.42 | 42.04 | 43.94 | 43.88 | 44.88 | 44.79 | 47.31 | 48.07 | 54.97 | 56.76 | 52.37 | 42.28 | 52.37 | 48.08 | 44.82 | 45.89 | 42.82 | 53.64 | 61.24 |
April 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.64
= 42.24
The Days of Inventory on Hand (DOH) for GMS Inc has fluctuated over the past several periods. The company's average DOH over the last 20 periods is approximately 47.56 days, indicating that on average, GMS holds its inventory for about 47.56 days before it is sold.
There is variability in the DOH numbers, with a high of 61.24 days on Jul 31, 2019, and a low of 42.04 days on Oct 31, 2023. The decreasing trend in the DOH from the peak observed on Jan 31, 2022, to the low on Oct 31, 2023, suggests potential improvements in inventory management efficiency.
Overall, fluctuations in the DOH metric can provide insights into GMS Inc's inventory management practices and effectiveness in controlling inventory levels. It is essential for the company to continue monitoring and managing its inventory efficiently to optimize working capital and enhance overall operational performance.
Peer comparison
Apr 30, 2024