MillerKnoll Inc (MLKN)
Days of inventory on hand (DOH)
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Mar 2, 2024 | Feb 29, 2024 | Dec 2, 2023 | Nov 30, 2023 | Sep 2, 2023 | Aug 31, 2023 | Jun 3, 2023 | May 31, 2023 | Mar 4, 2023 | Feb 28, 2023 | Dec 3, 2022 | Nov 30, 2022 | Sep 3, 2022 | Aug 31, 2022 | May 31, 2022 | May 28, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 5.17 | 5.72 | 5.46 | 6.41 | 6.37 | 6.77 | 6.66 | 6.94 | 6.62 | 6.53 | 6.53 | 6.56 | 6.10 | 6.22 | 5.82 | 5.32 | 5.64 | 5.13 | 5.84 | 5.77 | |
| DOH | days | 70.63 | 63.81 | 66.85 | 56.95 | 57.27 | 53.91 | 54.79 | 52.63 | 55.13 | 55.88 | 55.94 | 55.67 | 59.81 | 58.64 | 62.73 | 68.60 | 64.72 | 71.12 | 62.55 | 63.23 |
February 28, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.17
= 70.63
Days of Inventory on Hand (DOH) is a key financial ratio that measures how many days, on average, a company holds its inventory before selling it. A lower DOH indicates that the company is selling its inventory quickly and efficiently, while a higher DOH may suggest that inventory is being held for an extended period.
Analyzing MillerKnoll Inc's DOH over the given period, we observe fluctuations in the ratio. From May 28, 2022, to February 28, 2023, there is a gradual decline in DOH, indicating improved inventory management and faster inventory turnover during this period.
Subsequently, from March 4, 2023, to November 30, 2024, there is relatively stable performance with some minor fluctuations. The DOH stays within a narrow range, suggesting that MillerKnoll Inc maintained a consistent level of inventory management efficiency during this time.
However, towards the last data points, specifically from February 28, 2025, we see a notable increase in DOH, indicating a potential slowdown in inventory turnover. It could imply that the company may be facing challenges in efficiently managing its inventory levels or experiencing difficulties in selling its products within the usual timeframe.
Overall, MillerKnoll Inc's DOH trend reflects periods of both improvement and potential challenges in inventory management. Further analysis and comparison with industry benchmarks can provide more insights into the company's performance in managing its inventory efficiently.