Lindsay Corporation (LNN)
Days of inventory on hand (DOH)
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.69 | 2.46 | 2.63 | 2.74 | 2.96 | 2.88 | 2.91 | 3.00 | 2.95 | 2.86 | 2.80 | 2.71 | 2.87 | 2.78 | 2.85 | 2.83 | 3.07 | 2.73 | 3.01 | 3.30 | |
| DOH | days | 135.51 | 148.59 | 138.82 | 133.29 | 123.44 | 126.93 | 125.25 | 121.50 | 123.74 | 127.82 | 130.50 | 134.70 | 127.00 | 131.07 | 128.27 | 128.78 | 118.73 | 133.61 | 121.36 | 110.45 |
August 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.69
= 135.51
The Days of Inventory on Hand (DOH) for Lindsay Corporation over the past few years have fluctuated between a range of 110.45 days to 148.59 days. A higher number of days indicates that the company is holding onto its inventory for a longer period before selling it.
The trend in DOH shows some variability but appears to have generally decreased from a peak of 148.59 days in May 2024 to a low of 110.45 days in February 2020. This could suggest that the company has been managing its inventory more efficiently in recent periods.
It is important to note that a high DOH value may indicate potential inefficiencies in inventory management, such as overstocking or slow-moving inventory, which can tie up capital and lead to higher holding costs. Conversely, a very low DOH could indicate stockouts or insufficient inventory levels to meet demand.
Overall, monitoring changes in DOH over time can provide insights into the company's inventory management practices and its ability to optimize working capital and operational efficiency.
Peer comparison
Aug 31, 2024