Korn Ferry (KFY)
Days of inventory on hand (DOH)
| Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | 45.66 | — | 45.66 | 39.22 | — | — | 48.78 | 40.35 | 51.04 | 49.72 | 48.27 | 44.06 | 58.74 | 46.87 | 50.22 | 47.46 | |
| DOH | days | — | — | — | — | 7.99 | — | 7.99 | 9.31 | — | — | 7.48 | 9.05 | 7.15 | 7.34 | 7.56 | 8.28 | 6.21 | 7.79 | 7.27 | 7.69 |
April 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
To analyze Korn Ferry's days of inventory on hand (DOH) based on the provided data, we observe fluctuations over the past several periods. DOH represents the average number of days it takes for a company to turn its inventory into sales.
The DOH for Korn Ferry has varied between approximately 6.21 days to 9.31 days over the periods mentioned. A lower DOH indicates that the company is managing its inventory efficiently, while a higher DOH suggests slower inventory turnover.
Specifically, there is a noticeable decrease in DOH from 9.31 days in October 2023 to 7.15 days in April 2021, followed by a slight increase in the subsequent periods. This may indicate improved inventory management efficiency during that period.
The DOH metric is crucial for assessing how effectively Korn Ferry is managing its inventory levels. It is essential for the company to strike a balance between having enough inventory to meet demand without tying up excess working capital in excessive stock.
Further analysis and comparison with industry benchmarks can provide more insights into the company's inventory management practices and efficiency in converting inventory into sales. Tracking this metric over time can help in identifying trends and patterns that may impact the company's overall financial performance.
Peer comparison
Apr 30, 2024