Hawkins Inc (HWKN)
Days of inventory on hand (DOH)
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 9.73 | 10.76 | 11.05 | 10.00 | 8.67 | 7.52 | 6.50 | 6.53 | 6.61 | 7.51 | 7.59 | 7.41 | 7.41 | 6.99 | 6.90 | 6.83 | 8.07 | 7.68 | 7.40 | 7.80 | |
| DOH | days | 37.53 | 33.92 | 33.02 | 36.50 | 42.08 | 48.52 | 56.19 | 55.90 | 55.20 | 48.60 | 48.06 | 49.28 | 49.27 | 52.25 | 52.92 | 53.44 | 45.23 | 47.53 | 49.31 | 46.82 |
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 fluctuations over the periods indicated. The trend indicates that generally, the company has been successful in managing its inventory levels efficiently.
The DOH decreased from 48.52 days at the end of December 2022 to 33.02 days at the end of September 2023. This significant reduction suggests that the company was able to sell its inventory faster or hold lower levels of inventory during that period.
However, the DOH increased to 42.08 days by the end of March 2023, which could indicate a potential buildup of inventory or slower sales during that period. This trend continued with DOH increasing to 55.90 days by the end of June 2022, 48.60 days by the end of March 2022, and 53.44 days by the end of June 2020.
It is positive to note that the DOH decreased to 37.53 days by the end of March 2024 from the peak of 56.19 days at the end of September 2022, indicating a potential improvement in managing inventory levels.
Overall, the company should continue to monitor its inventory levels closely to ensure efficient management and optimize working capital.
Peer comparison
Mar 31, 2024