Helen of Troy Ltd (HELE)
Days of inventory on hand (DOH)
| Feb 28, 2025 | Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 2.19 | 2.67 | 2.58 | 2.28 | 2.43 | |
| DOH | days | 166.33 | 136.82 | 141.69 | 160.35 | 150.05 |
February 28, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.19
= 166.33
Based on the data provided for Helen of Troy Ltd's days of inventory on hand (DOH), we can observe a fluctuating trend over the years.
In February 2021, the company had an inventory holding period of 150.05 days, which increased to 160.35 days by February 2022. There was a slight improvement in inventory management by February 2023, as the DOH reduced to 141.69 days. Subsequently, the trend continued to improve with a further decrease to 136.82 days by February 2024.
However, by February 2025, the days of inventory on hand increased significantly to 166.33 days, indicating a potential slowdown in inventory turnover. This may suggest that the company is facing challenges in managing its inventory efficiently, which can lead to increased carrying costs and potentially obsolete inventory issues.
Overall, the fluctuating trend in Helen of Troy Ltd's DOH highlights the importance of effective inventory management to optimize working capital and maximize profitability.