Leslies Inc (LESL)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 5.51 | 4.35 | 3.53 | 4.06 | 4.39 | 3.13 | 2.79 | 3.18 | 3.71 | 3.57 | 3.53 | 4.82 | 5.78 | ||||
| DOH | days | 66.20 | 83.94 | 103.46 | 89.87 | 83.17 | 116.61 | 130.93 | 114.82 | 98.42 | 102.25 | 103.34 | 75.79 | 63.15 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.51
= 66.20
The days of inventory on hand (DOH) for Leslies Inc has shown variations over the past several quarters. The trend indicates that the company has experienced fluctuations in managing its inventory levels efficiently.
In the most recent quarter, the DOH was 66.20 days, showing an improvement compared to the previous quarter at 83.94 days. This suggests that Leslies Inc was able to reduce the number of days it takes to turn its inventory into sales.
However, when observing the data over a longer period, the DOH has demonstrated significant volatility. For example, in the first quarter of 2023, the DOH spiked to 130.93 days, indicating a potential issue with inventory management during that period.
Overall, Leslies Inc should focus on maintaining a balance in managing its inventory levels to ensure optimal efficiency and avoid tying up capital in excess or obsolete inventory. Further analysis and monitoring of inventory turnover ratios and days of inventory on hand will be essential for the company to streamline its operations and improve its financial performance.
Peer comparison
Sep 30, 2024