Macy’s Inc (M)
Days of inventory on hand (DOH)
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.07 | 2.78 | 4.48 | 4.18 | 4.95 | 3.69 | 2.69 | 2.70 | 3.94 | 4.49 | 4.65 | 4.70 | 5.15 | 4.73 | 2.74 | 2.74 | 3.85 | 4.85 | 4.07 | 5.04 | |
| DOH | days | 118.70 | 131.19 | 81.45 | 87.35 | 73.71 | 98.80 | 135.79 | 135.07 | 92.66 | 81.30 | 78.42 | 77.64 | 70.81 | 77.20 | 133.44 | 133.24 | 94.69 | 75.26 | 89.72 | 72.36 |
January 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.07
= 118.70
The Days of Inventory on Hand (DOH) for Macy's Inc have varied over the reported periods, ranging from a low of 70.81 days to a high of 135.79 days. The average DOH for the period analyzed is approximately 94.26 days.
The DOH metric reflects the number of days it takes for a company to sell its entire inventory during a specific period. A lower DOH indicates that the company is managing its inventory efficiently, while a higher DOH suggests that the company may be holding excess inventory or facing challenges in product sales.
Macy's experienced fluctuations in its DOH, with notable increases in inventory holding periods observed in October 2022, April 2023, and October 2023, reaching over 130 days. This may raise concerns about overstocking or slow-moving inventory during these periods.
Conversely, periods such as February 2024 and July 2024 show a decrease in DOH, indicating potentially improved inventory management practices or higher sales efficiency during these times.
Overall, Macy's should carefully monitor and manage its inventory levels to optimize the balance between stocking enough inventory to meet demand and avoiding excess inventory build-up that could lead to increased storage costs and potential markdowns.
Peer comparison
Jan 31, 2025