Lindsay Corporation (LNN)
Days of inventory on hand (DOH)
| 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 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.63 | 2.74 | 2.96 | 2.87 | 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 | 3.57 | 3.84 | |
| DOH | days | 138.82 | 133.29 | 123.44 | 126.96 | 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 | 102.24 | 94.98 |
February 29, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.63
= 138.82
The days of inventory on hand (DOH) for Lindsay Corporation have shown fluctuation over the past few periods. In the most recent period ending on February 29, 2024, the DOH was approximately 138.82 days, which was slightly higher compared to the previous period at 133.29 days ending on November 30, 2023.
Looking at a longer trend, the DOH has generally been on the higher side over the past two years, indicating that Lindsay Corporation may be carrying a significant amount of inventory relative to their sales levels. This could suggest potential inefficiencies in inventory management or slower inventory turnover.
It is also noteworthy that the DOH peaked at 134.70 days in the period ending on August 31, 2021, and has since fluctuated around that level. This may imply that the company has been facing challenges in optimizing their inventory levels, which could impact profitability and cash flow.
Overall, the trend in Lindsay Corporation's DOH indicates a need for close monitoring and potential improvements in inventory management practices to enhance operational efficiency and financial performance.
Peer comparison
Feb 29, 2024