Helen of Troy Ltd (HELE)
Days of inventory on hand (DOH)
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.19 | 2.21 | 2.15 | 2.28 | 2.68 | 2.54 | 2.52 | 2.62 | 2.58 | 2.30 | 1.99 | 2.03 | 2.28 | 2.07 | 2.00 | 2.32 | 2.43 | 2.98 | 3.02 | 3.59 | |
| DOH | days | 166.33 | 164.95 | 169.41 | 159.84 | 136.25 | 143.81 | 144.91 | 139.49 | 141.69 | 158.95 | 183.16 | 179.69 | 160.35 | 175.93 | 182.29 | 157.64 | 150.05 | 122.53 | 120.97 | 101.68 |
February 28, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.19
= 166.33
The days of inventory on hand (DOH) for Helen of Troy Ltd has shown fluctuations over the past few years. The trend indicates an increase in DOH from May 31, 2020, to August 31, 2021, reaching a peak of 182.29 days. This suggests that the company held inventory for an extended period before selling it.
Subsequently, there was a slight decrease in DOH until November 30, 2022. This could imply improved inventory management or possibly more efficient sales and production processes during this period.
From November 30, 2022, to May 31, 2024, the DOH figures fluctuated within a range, indicating some level of stability in inventory management practices. However, there was a notable increase in DOH towards the end of the period, reaching 169.41 days on August 31, 2024. This could indicate challenges in managing inventory levels efficiently or potential changes in market demand.
Overall, a DOH of 166.33 days as of February 28, 2025, suggests that Helen of Troy Ltd continues to hold inventory for a relatively long period. This may raise concerns about the company's inventory turnover efficiency and the potential impact on working capital management and overall profitability. Monitoring and optimizing inventory levels could be crucial for improving operational efficiency and financial performance in the future.