Korn Ferry (KFY)
Days of inventory on hand (DOH)
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | — | — | — | 5.42 | — | 4.15 | 2.84 | — | — | 2.69 | 2.18 | 2.67 | 2.99 | 3.45 | 3.39 | |
| DOH | days | — | — | — | — | — | — | — | — | 67.30 | — | 87.95 | 128.41 | — | — | 135.79 | 167.28 | 136.88 | 122.14 | 105.89 | 107.52 |
April 30, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The analysis of Korn Ferry’s days of inventory on hand (DOH) reveals notable fluctuations over the observed period. Initially, as of July 31, 2020, the DOH was approximately 107.52 days, indicating the average number of days inventory was held before being sold or utilized. This figure experienced a slight decrease through October 31, 2020, reaching approximately 105.89 days, suggesting marginal improvements in inventory management or sales efficiency.
Between January 31, 2021, and April 30, 2021, the DOH increased substantially, reaching around 122.14 days and then rising further to approximately 136.88 days in April 2021. This upward trend continued into July 31, 2021, with DOH peaking at roughly 167.28 days. The elongated inventory period during this interval may reflect strategic stockpiling, slower revenue cycles, or operational adjustments.
In the subsequent periods, there was a decline in DOH, evidenced by the data from October 31, 2021, showing a reduction to approximately 135.79 days. Data for January and April 2022 are missing, preventing continuous analysis; however, by July 31, 2022, the DOH decreased further to approximately 128.41 days. A marked reduction occurred by October 31, 2022, with DOH falling to approximately 87.95 days—indicating an improvement in inventory turnover and more efficient management or increased sales velocity.
In 2023, the data indicates further improvement, with the DOH decreasing to 67.30 days as of April 30. Notably, from July 31, 2023, onward, no additional data points are available, rendering further trend analysis impossible beyond that date.
Overall, the pattern suggests periods of inventory buildup, particularly between early 2021 and mid-2021, followed by a significant decline beginning in late 2021 through 2022. The reduction in DOH over this period indicates enhanced inventory management and faster inventory turnover, aligning with improved operational efficiency or increased demand. However, the gaps in data for several quarters limit comprehensive longitudinal assessment.
Peer comparison
Apr 30, 2025