J & J Snack Foods Corp (JJSF)
Days of inventory on hand (DOH)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 7.45 | 7.48 | 6.44 | 7.86 | 7.19 | |
| DOH | days | 49.01 | 48.80 | 56.66 | 46.42 | 50.74 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.45
= 49.01
The days of inventory on hand (DOH) for J & J Snack Foods Corp has shown some variability over the past five years. In 2024, the company had an average of 49.01 days of inventory on hand, slightly higher than the previous year's 48.80 days. This indicates that the company was holding on to its inventory for a slightly longer period in 2024.
Comparing the current year's DOH to 2022 and 2020, we see that J & J Snack Foods Corp held inventory for a shorter period in 2024 compared to those years, as the DOH was 56.66 days in 2022 and 50.74 days in 2020. This suggests that the company managed its inventory more efficiently in 2024.
However, in 2021, the DOH was 46.42 days, lower than in 2024. This indicates that the company was turning over its inventory more quickly in 2021 compared to 2024.
Overall, the trend in DOH for J & J Snack Foods Corp has been somewhat fluctuating over the past five years, with some years showing more efficient inventory management than others. Further analysis of the company's inventory management practices and industry dynamics could provide insights into the factors influencing these fluctuations.