Helen of Troy Ltd (HELE)
Days of inventory on hand (DOH)
| 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 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.45 | 4.16 | 4.15 | 4.24 | 4.13 | 3.68 | 3.15 | 3.20 | 3.52 | 3.26 | 3.16 | 3.60 | 3.81 | 3.62 | 3.56 | 4.26 | 4.45 | 3.29 | 2.89 | 3.14 | |
| DOH | days | 81.99 | 87.82 | 87.89 | 86.12 | 88.47 | 99.23 | 115.77 | 114.19 | 103.72 | 112.06 | 115.64 | 101.46 | 95.80 | 100.74 | 102.42 | 85.78 | 82.03 | 110.90 | 126.41 | 116.20 |
February 29, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.45
= 81.99
The Days of Inventory on Hand (DOH) for Helen of Troy Ltd has fluctuated over the past few years. The trend shows some variability with values ranging from as low as 81.99 days to as high as 126.41 days. The company seems to have experienced an increase in DOH in recent periods, reaching a peak in August 2019 at 126.41 days.
A high DOH figure may indicate that Helen of Troy Ltd is holding onto inventory for an extended period before selling it, which could tie up capital and potentially lead to higher carrying costs. On the other hand, a low DOH figure could suggest efficient inventory management and quicker turnover of goods.
It is important for the company to carefully monitor its inventory levels and turnover to ensure optimal balance between stock levels and sales. Analyzing the reasons behind the fluctuations in DOH over time can provide insights into the effectiveness of Helen of Troy's inventory management strategies, helping to make informed decisions to improve operational efficiency and profitability.