Macy’s Inc (M)
Days of inventory on hand (DOH)
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.08 | 5.44 | 3.24 | 3.59 | 5.59 | |
| DOH | days | 118.69 | 67.11 | 112.55 | 101.75 | 65.27 |
January 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.08
= 118.69
To analyze Macy's Inc days of inventory on hand (DOH) based on the provided data, we observe fluctuations over the years. The DOH figures indicate the number of days it takes for Macy's to sell its inventory in a given period.
- As of January 28, 2023, Macy's DOH stood at 65.27 days, representing a reasonable level of efficiency in inventory management.
- However, by January 31, 2023, the DOH increased significantly to 101.75 days, signaling a slowdown in inventory turnover.
- The trend continued to worsen as of January 31, 2024, with DOH climbing to 112.55 days, indicating potential issues in managing inventory levels and sales.
- By February 3, 2024, the DOH improved slightly to 67.11 days, possibly due to corrective measures being implemented.
- Nevertheless, by January 31, 2025, the DOH peaked at 118.69 days, suggesting prolonged inventory holding periods and potential inefficiencies in inventory control.
Overall, Macy's DOH exhibited fluctuations, with periods of both improvement and deterioration. Persistent high DOH levels may indicate excess inventory or challenges in aligning inventory levels with sales demand, potentially impacting profitability and working capital management. It would be crucial for Macy's to closely monitor and optimize inventory levels to enhance operational efficiency and financial performance.
Peer comparison
Jan 31, 2025