Kontoor Brands Inc (KTB)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		4.60	3.84	6.05	5.86	5.23
DOH	days	79.38	95.15	60.36	62.25	69.74

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.60
= 79.38

The days of inventory on hand (DOH) for Kontoor Brands Inc have varied over the past five years. In 2023, Kontoor Brands had 79.38 days worth of inventory on hand, which is a decrease from 95.15 days in 2022. This suggests that the company managed its inventory more efficiently in 2023 compared to the previous year.

Looking back further, Kontoor's DOH was 60.36 days in 2021, 62.25 days in 2020, and 69.74 days in 2019. The fluctuation in the DOH indicates some volatility in the company's inventory management practices over the period, with efficiency improving in some years and deteriorating in others.

A lower DOH generally indicates that a company is selling its inventory more quickly, which can be a positive sign of efficient operations and effective inventory management. However, it's important to ensure that a low DOH doesn't result in stockouts or lost sales due to insufficient inventory levels.

Overall, Kontoor Brands' DOH has shown variability over the past five years, with the company appearing to have improved its inventory management efficiency in 2023 compared to the previous year.