Movado Group Inc (MOV)
Days of inventory on hand (DOH)
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.24 | 3.45 | 3.91 | 4.43 | 3.93 | |
| DOH | days | 86.10 | 105.82 | 93.25 | 82.48 | 92.77 |
January 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.24
= 86.10
The Days of Inventory on Hand (DOH) for Movado Group Inc has fluctuated over the past five years. In Jan 31, 2024, the company had 86.10 days of inventory on hand, which was a decrease from the previous year's 105.82 days. This indicates that Movado Group Inc managed its inventory more efficiently in 2024 compared to 2023.
Looking further back, Jan 31, 2023, had a relatively high DOH of 105.82 days, which suggests that the company may have had excess inventory during that period. In Jan 31, 2022, the DOH was 93.25 days, showing a slight improvement in inventory management compared to the previous year.
In Jan 31, 2021, Movado Group Inc had 82.48 days of inventory on hand, indicating a more efficient management of inventory compared to the prior year. Lastly, in Jan 31, 2020, the DOH was 92.77 days, slightly higher than in 2021.
Overall, Movado Group Inc has shown varying levels of efficiency in managing its inventory over the past five years, with fluctuations in DOH. The company should continue to monitor and optimize its inventory levels to ensure efficient operations and minimize carrying costs.