Korn Ferry (KFY)
Days of inventory on hand (DOH)
| 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 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | — | — | 5.42 | — | 4.15 | 2.84 | — | — | 2.69 | 2.18 | 2.67 | 2.99 | 3.45 | 3.39 | 4.86 | |
| DOH | days | — | — | — | — | — | — | — | 67.30 | — | 87.95 | 128.41 | — | — | 135.79 | 167.28 | 136.88 | 122.14 | 105.89 | 107.52 | 75.11 |
January 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The analysis of Korn Ferry’s days of inventory on hand (DOH) over the specified period reveals significant fluctuations that reflect operational and industry-specific dynamics. During April 2020, DOH was approximately 75.11 days, indicating relatively quick inventory turnover. By July 2020, this value increased notably to 107.52 days, and it remained high at 105.89 days in October 2020, suggesting a slowdown in inventory turnover possibly attributable to the economic impacts of the COVID-19 pandemic and associated disruptions.
The upward trend continued into January 2021, with DOH reaching 122.14 days, and further extended to 136.88 days in April 2021 and peaking at 167.28 days in July 2021. These increases indicate a considerable slowing in inventory turnover, potentially due to market uncertainty, changes in client demand, or strategic shifts in inventory management. Subsequently, DOH decreased to 135.79 days by October 2021, suggesting a partial recovery in inventory management efficiency.
Data after October 2021 shows some gaps, with missing values during January and April 2022, but by July 2022, DOH declined to 128.41 days, and further decreased to 87.95 days in October 2022. The reduction in DOH indicates improved inventory efficiency, potentially leveraging better operational management or shifts in market activity.
From April 2023 onward, the data again shows a decrease in DOH to approximately 67.30 days, which is close to the pre-pandemic levels observed earlier in 2020. This trend suggests a return to a more typical inventory turnover cycle, potentially reflecting normalization of operations and demand.
Overall, the pattern demonstrates initial stability, followed by a period of inventory accumulation during the pandemic, and subsequent recovery to more efficient inventory management levels. The fluctuations in DOH highlight the company's responsiveness to macroeconomic factors, industry conditions, and internal strategic adjustments over the analyzed timeframe.
Peer comparison
Jan 31, 2025