Lowe's Companies Inc (LOW)

Days of inventory on hand (DOH)

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Feb 2, 2024	Jan 31, 2024	Nov 3, 2023	Oct 31, 2023	Aug 4, 2023	Jul 31, 2023	Apr 30, 2023	Feb 3, 2023	Jan 31, 2023	Oct 31, 2022	Oct 28, 2022	Jul 31, 2022	Jul 29, 2022	Apr 30, 2022	Apr 29, 2022	Jan 31, 2022
Inventory turnover		3.23	3.45	3.58	3.42	3.63	3.87	3.94	3.77	4.32	3.98	3.51	4.22	4.01	4.15	4.17	4.06	3.83	3.47	3.48	3.99
DOH	days	113.02	105.66	101.90	106.58	100.61	94.22	92.76	96.91	84.51	91.67	104.06	86.41	91.08	87.86	87.45	89.93	95.38	105.21	104.86	91.51

January 31, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.23
= 113.02

The days of inventory on hand (DOH) for Lowe's Companies Inc has shown fluctuations over the analyzed periods. From January 31, 2022, to April 30, 2022, the DOH increased from 91.51 days to 105.21 days, indicating that the company was holding inventory for a longer period. However, from April 30, 2022, to July 31, 2022, there was a decrease in DOH to 89.93 days, suggesting that inventory turnover improved during that period.

Subsequently, from October 28, 2022, to February 3, 2023, there was a consistent decrease in DOH, reaching a low of 86.41 days. This may indicate that Lowe's managed its inventory more efficiently during this timeframe. However, the DOH increased again by April 30, 2023, reaching 104.06 days, which could signify potential issues with inventory management during that period.

From August 4, 2023, to January 31, 2024, there was a notable decrease in DOH, suggesting improved efficiency in inventory turnover. Nonetheless, there was an increase in DOH by April 30, 2024, standing at 106.58 days, which could imply challenges in managing inventory levels effectively.

As of January 31, 2025, Lowe's DOH was at 113.02 days, indicating that the company was holding inventory for an extended period, which might require attention to optimize inventory management processes in the future.