GMS Inc (GMS)
Days of inventory on hand (DOH)
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.47 | 6.46 | 6.53 | 6.31 | 6.53 | 6.31 | 6.49 | 6.24 | 6.26 | 6.14 | 6.16 | 5.82 | 5.71 | 4.97 | 4.77 | 5.10 | 6.26 | 6.46 | 7.00 | 7.47 | |
| DOH | days | 56.43 | 56.50 | 55.90 | 57.84 | 55.86 | 57.83 | 56.20 | 58.47 | 58.30 | 59.49 | 59.21 | 62.69 | 63.91 | 73.44 | 76.60 | 71.51 | 58.28 | 56.50 | 52.13 | 48.84 |
April 30, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.47
= 56.43
The analysis of GMS Inc.'s days of inventory on hand (DOH) over the specified period indicates notable fluctuations and a trend toward stabilization in recent periods. Beginning with a DOH of approximately 48.84 days as of July 31, 2020, the metric increased steadily, reaching a peak of around 76.60 days by October 31, 2021. This suggests a period during which inventory levels were maintained for longer durations, potentially indicative of cautious inventory accumulation or slower inventory turnover.
Following this peak, a gradual decline is observed, with DOH decreasing to approximately 58.30 days by April 30, 2023. The data from the latter part of 2023 onwards shows a relatively stable pattern, with DOH fluctuating narrowly between roughly 55.90 and 58.47 days. Specifically, as of October 31, 2024, DOH stood at approximately 55.90 days, and projections into early 2025 suggest a maintained range close to 56 days.
Overall, the trend reflects an initial period of increasing inventoryholding duration, likely related to strategic inventory buildup or supply chain factors, followed by a period of normalization and stabilization. The relatively consistent levels in the later periods imply a balanced inventory management approach aligned with operational needs and market conditions.