Lululemon Athletica Inc. (LULU)

Days of inventory on hand (DOH)

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Jan 28, 2024	Oct 31, 2023	Oct 29, 2023	Jul 31, 2023	Jul 30, 2023	Apr 30, 2023	Jan 31, 2023	Jan 29, 2023	Oct 31, 2022	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Apr 30, 2022	Jan 31, 2022	Jan 30, 2022
Inventory turnover		2.99	2.33	3.84	4.07	4.78	4.49	3.23	3.18	2.85	2.59	2.14	2.79	2.49	2.58	1.27	2.60	3.55	2.98	4.36	4.07
DOH	days	121.92	156.90	95.09	89.70	76.30	81.32	112.87	114.96	128.03	140.98	170.26	130.69	146.30	141.64	288.08	140.36	102.76	122.58	83.71	89.78

January 31, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.99
= 121.92

The days of inventory on hand (DOH) is an important financial ratio that measures how many days, on average, a company holds its inventory before selling it. For Lululemon Athletica Inc., the DOH has fluctuated over the years based on the provided data:

- The DOH ranged from around 76 to 170 days between January 2024 and April 2023, indicating some variability in how long Lululemon held its inventory during this period.
- Notably, the DOH increased significantly to 288.08 days as of October 30, 2022, suggesting a potential issue with managing inventory levels efficiently.
- Subsequently, there was a sharp decrease in DOH to 81.32 days by January 28, 2024, before gradually rising again.
- Overall, it appears that Lululemon Athletica Inc. has experienced fluctuations in its DOH, potentially indicating changes in inventory management practices or demand patterns for its products.

Analyzing the DOH alongside other financial ratios and operational metrics can provide a more comprehensive understanding of Lululemon's inventory management efficiency and overall performance.