Home Depot Inc (HD)

Days of inventory on hand (DOH)

		Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020
Inventory turnover		4.85	4.20	4.55	5.25	5.00
DOH	days	75.28	86.82	80.29	69.55	73.00

January 28, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.85
= 75.28

The Days of Inventory on Hand (DOH) for Home Depot Inc has shown fluctuations over the past five years. In the most recent fiscal year, ending on January 28, 2024, the DOH stood at 75.28 days, representing a decrease from the previous year's figure of 86.82 days. This suggests that the company is managing its inventory more efficiently, taking fewer days to sell its inventory.

Comparing the current DOH to that of two years ago, we observe a downward trend as well. In fiscal year 2022, the DOH was 80.29 days, indicating further improvement in managing inventory turnover.

However, when compared to the data from three and four years ago, the DOH has increased. In fiscal year 2021, the DOH was 69.55 days, which was lower than the most recent year but still more efficient compared to the last two years, where the DOH was 73.00 days on February 2, 2020.

Overall, while the recent trend shows improvements in inventory management efficiency for Home Depot Inc, it is essential to monitor future changes in DOH to ensure optimal inventory turnover and operational effectiveness.