Korn Ferry (KFY)

The analysis of Korn Ferry's days of inventory on hand (DOH) over the specified period reveals a notable downward trend. As of April 30, 2021, the company maintained an inventory turnover period of approximately 136.88 days. By April 30, 2022, this figure had decreased to approximately 116.24 days, indicating a reduction of around 20.64 days year-over-year. The subsequent year, April 30, 2023, recorded a further significant decline to approximately 67.30 days, representing a decrease of approximately 48.94 days from the previous year’s levels.

This consistent reduction suggests substantial improvements in inventory management and operational efficiency. The decreasing DOH indicates that Korn Ferry is able to convert its inventory into revenue more quickly, which often correlates with enhanced inventory turnover and potentially better cash flow management. The significant contraction in inventory days between 2022 and 2023 reflects strategic efforts to optimize supply chain processes, reduce excess inventory holdings, or adapt inventory levels to changing demand or operational conditions.

As of April 30, 2024, and April 30, 2025, data are not available, which precludes analysis of subsequent trends or the durability of the improvements observed up through April 2023. Overall, the trend over the available period demonstrates a clear movement towards more efficient inventory utilization, which may positively impact liquidity, working capital management, and overall operational performance.

Peer comparison

Apr 30, 2025