John B Sanfilippo & Son Inc (JBSS)
Days of inventory on hand (DOH)
| Jun 30, 2024 | 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 23, 2021 | Sep 23, 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.34 | 3.86 | 3.95 | 4.37 | 4.56 | 4.26 | 4.63 | 4.08 | 3.69 | 3.38 | 3.90 | 4.44 | 4.55 | 4.46 | 4.40 | 4.65 | 4.09 | 4.00 | 4.48 | 5.19 | |
| DOH | days | 84.14 | 94.63 | 92.50 | 83.59 | 80.10 | 85.76 | 78.91 | 89.47 | 98.87 | 107.84 | 93.56 | 82.27 | 80.21 | 81.82 | 82.91 | 78.45 | 89.17 | 91.26 | 81.53 | 70.35 |
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 have shown fluctuations over the historical period presented in the table. DOH indicates the average number of days it takes for the company to sell its inventory, reflecting its efficiency in managing inventory levels.
From December 2019 to March 2020, DOH decreased significantly from 81.53 days to 70.35 days, suggesting a more efficient inventory turnover during this period. However, there was an upward trend in DOH from March 2020 to March 2021, reaching a peak of 82.91 days as the company may have experienced slower inventory turnover.
Subsequently, there was a decrease in DOH to 78.45 days by September 2021, indicating a potential improvement in inventory management efficiency. This improvement was followed by fluctuations in DOH between September 2021 and March 2024, with values ranging from 80.21 days to 94.63 days.
It is important for the company to monitor and analyze these fluctuations in DOH to ensure optimal inventory levels. A lower DOH typically indicates effective inventory management, while a higher DOH may imply excess inventory or slow sales. Therefore, John B Sanfilippo & Son Inc should focus on maintaining an appropriate balance between inventory levels and sales to optimize its operations and financial performance.
Peer comparison
Jun 30, 2024