Hawkins Inc (HWKN)
Days of inventory on hand (DOH)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 9.73 | 8.67 | 6.61 | 7.41 | 8.07 | |
| DOH | days | 37.53 | 42.08 | 55.20 | 49.27 | 45.23 |
March 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.73
= 37.53
The Days of Inventory on Hand (DOH) for Hawkins Inc have shown a declining trend over the past five years. In particular, the DOH decreased from 55.20 days in 2022 to 37.53 days in 2024, indicating that the company has been more efficient in managing its inventory levels. A lower DOH signifies that the company is holding less inventory, which can lead to reduced carrying costs and better utilization of working capital. This improvement in inventory management suggests that Hawkins Inc has been able to optimize its supply chain processes and enhance its inventory turnover rate. Overall, a decreasing trend in DOH is a positive indicator of operational efficiency and effective inventory control within the company.
Peer comparison
Mar 31, 2024