Home Depot Inc (HD)

Days of inventory on hand (DOH)

		Jan 31, 2025	Jan 31, 2024	Jan 28, 2024	Jan 31, 2023	Jan 29, 2023
Inventory turnover		4.53	4.85	4.85	4.20	4.20
DOH	days	80.59	75.28	75.28	86.82	86.82

January 31, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.53
= 80.59

Based on the data provided, Home Depot Inc's days of inventory on hand (DOH) have shown some fluctuations over the years:

- As of January 29, 2023, and January 31, 2023, the DOH was 86.82 days, indicating that the company held its inventory for around 87 days on average.
- By January 28, 2024, and January 31, 2024, the DOH decreased to 75.28 days, implying that the company managed to reduce its inventory holding period to about 75 days.
- However, as of January 31, 2025, the DOH slightly increased to 80.59 days, suggesting that the company may have slightly extended its inventory holding period compared to the previous year.

Overall, the trend in Home Depot Inc's DOH shows some fluctuations, with the company making efforts to optimize its inventory management practices. Investors and analysts may want to further investigate the reasons behind these fluctuations and assess the effectiveness of Home Depot's inventory management strategies in maximizing profitability and operational efficiency.