Kroger Company (KR)
Days of inventory on hand (DOH)
| Feb 3, 2024 | Nov 4, 2023 | Aug 12, 2023 | May 20, 2023 | Jan 28, 2023 | Nov 5, 2022 | Aug 13, 2022 | May 21, 2022 | Jan 29, 2022 | Nov 6, 2021 | Aug 14, 2021 | May 22, 2021 | Jan 30, 2021 | Nov 7, 2020 | May 23, 2020 | Feb 1, 2020 | Nov 9, 2019 | Aug 17, 2019 | May 25, 2019 | Feb 2, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 16.60 | 11.12 | 12.97 | 12.73 | 11.82 | — | — | 15.20 | 16.04 | — | — | 16.25 | 14.23 | — | 15.54 | — | — | — | 3.34 | — | |
| DOH | days | 21.99 | 32.83 | 28.14 | 28.67 | 30.88 | — | — | 24.02 | 22.75 | — | — | 22.46 | 25.64 | — | 23.49 | — | — | — | 109.44 | — |
February 3, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 16.60
= 21.99
Days of Inventory on Hand (DOH) is a crucial metric that measures how long a company holds its inventory before selling it. A lower DOH indicates that a company is efficiently managing its inventory, while a higher DOH suggests potential issues like overstocking or slow sales.
Analyzing Kroger Company's DOH over the past periods reveals fluctuations in inventory management. On Feb 3, 2024, the DOH was 21.99 days, indicating a relatively efficient inventory turnover. However, on Nov 4, 2023, the DOH increased to 32.83 days, suggesting potential challenges in managing inventory levels.
The DOH on Aug 12, 2023, was 28.14 days, showing some improvement from the previous period. Similarly, the DOH on May 20, 2023, decreased slightly to 28.67 days, indicating better efficiency in inventory management.
It is noteworthy that there are missing data points in the table, which could indicate that these specific periods might require further investigation to understand the inventory management situation during those times.
Overall, Kroger's fluctuations in DOH highlight the importance of closely monitoring inventory levels to optimize operations and ensure efficient working capital management. Further analysis and comparison with industry benchmarks can provide valuable insights into Kroger's inventory management performance.
Peer comparison
Feb 3, 2024