MarineMax Inc (HZO)
Days of inventory on hand (DOH)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 1.80 | 1.92 | 3.31 | 6.08 | 3.73 | |
| DOH | days | 203.04 | 190.26 | 110.39 | 60.06 | 97.90 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.80
= 203.04
MarineMax Inc's days of inventory on hand (DOH) has fluctuated significantly over the past five years. In September 2020, the company had an inventory holding period of 97.90 days, which increased to 110.39 days in September 2022. However, there was a sharp rise in DOH to 203.04 days in September 2024, indicating that the company was holding inventory for a longer period.
The increase in DOH can signal potential issues such as overstocking, slowing sales, or inefficiencies in inventory management. A high DOH may tie up working capital and increase storage costs. It's essential for MarineMax Inc to monitor and evaluate its inventory levels regularly to optimize its inventory turnover and ensure efficient operations.
Peer comparison
Sep 30, 2024