Macy’s Inc (M)
Days of inventory on hand (DOH)
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 5.44 | 3.84 | 5.68 | 5.14 | 5.59 | 3.75 | 5.19 | 4.80 | 5.32 | 3.54 | 4.86 | 4.72 | 5.98 | 4.67 | 6.99 | 5.33 | 4.72 | 3.35 | 4.86 | 4.44 | |
| DOH | days | 67.11 | 95.11 | 64.30 | 71.00 | 65.27 | 97.31 | 70.34 | 76.11 | 68.64 | 103.06 | 75.18 | 77.35 | 61.01 | 78.16 | 52.22 | 68.43 | 77.32 | 108.98 | 75.03 | 82.28 |
February 3, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.44
= 67.11
The days of inventory on hand (DOH) for Macy's Inc have varied over the past 20 reporting periods. The DOH ranged from a low of 52.22 days on August 1, 2020 to a high of 108.98 days on November 2, 2019. On average, Macy's held inventory for approximately 73 days during the period analyzed.
The trend in DOH fluctuated over time, indicating potential challenges in managing inventory levels efficiently. Higher DOH values, such as the peaks on November 2, 2019, and October 28, 2023, suggest that Macy's may have faced issues such as overstocking or slower inventory turnover rates during those periods. Conversely, lower DOH values, like the trough on August 1, 2020, indicate potential inventory management improvements or higher inventory turnover rates.
Analyzing DOH can provide insights into Macy's inventory management efficiency, liquidity, and potential sales trends. Further examination of the factors influencing these fluctuations in inventory days on hand may help identify opportunities for operational enhancements and cost savings within the company.
Peer comparison
Feb 3, 2024