Kontoor Brands Inc (KTB)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Inventory turnover		5.84	4.89	4.62	4.55	4.60	3.88	3.71	3.47	3.84	3.32	4.23	5.10	6.05	5.35	5.27	5.85	5.88	4.63	4.79	4.61
DOH	days	62.47	74.58	79.09	80.28	79.34	94.02	98.38	105.20	95.15	109.78	86.26	71.59	60.36	68.21	69.24	62.45	62.02	78.85	76.21	79.21

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.84
= 62.47

Based on the provided data, Kontoor Brands Inc's days of inventory on hand (DOH) has experienced fluctuations over the period from March 31, 2020, to December 31, 2024. The DOH measures the average number of days that inventory is held by the company before being sold. A lower DOH indicates more efficient inventory management, while a higher DOH suggests slower inventory turnover.

The trend analysis of Kontoor Brands Inc's DOH shows that it decreased from 79.21 days on March 31, 2020, to 62.02 days on December 31, 2020. This decrease indicates an improvement in inventory management efficiency. However, from March 31, 2021, to September 30, 2024, the DOH fluctuated, experiencing both increases and decreases.

Notably, the DOH increased significantly to 109.78 days on September 30, 2022, which may signal challenges in managing inventory levels efficiently. Subsequently, there was a decreasing trend in DOH from December 31, 2022, to June 30, 2024, reaching a low of 62.47 days on December 31, 2024.

Overall, the fluctuating trend in Kontoor Brands Inc's DOH suggests varying levels of efficiency in managing inventory over the period analyzed. Further investigation into the factors driving these fluctuations would be necessary to assess the impact on the company's operations and financial performance.