John B Sanfilippo & Son Inc (JBSS)
Days of inventory on hand (DOH)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.34 | 4.56 | 3.69 | 4.55 | 4.09 | |
| DOH | days | 84.14 | 80.10 | 98.87 | 80.21 | 89.17 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.34
= 84.14
The days of inventory on hand (DOH) for John B Sanfilippo & Son Inc has varied over the past five years, ranging from 80.10 days to 98.87 days. In 2024, the company had 84.14 days of inventory on hand, which indicates that, on average, it takes approximately 84 days for the company to sell its inventory. This suggests an improvement compared to the previous year where the DOH was 80.10 days.
A lower DOH value generally indicates that the company is managing its inventory more efficiently, as it is selling inventory more quickly. Conversely, a higher DOH value could signal potential issues, such as overstocking or slow inventory turnover.
It is important for the company to monitor its DOH over time to ensure it maintains an optimal level of inventory relative to sales. Additionally, comparing the DOH to industry benchmarks can help assess the company's performance in managing its inventory effectively.
Peer comparison
Jun 30, 2024