MSC Industrial Direct Company Inc (MSM)
Days of inventory on hand (DOH)
| Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Sep 3, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.47 | 3.37 | 3.29 | 3.52 | 3.32 | 3.33 | 3.29 | 3.27 | 3.31 | 3.52 | 3.44 | 2.51 | 2.78 | 2.73 | 2.66 | 3.35 | 3.49 | 3.62 | 3.45 | 3.43 | |
| DOH | days | 105.29 | 108.35 | 111.01 | 103.68 | 109.84 | 109.72 | 110.93 | 111.50 | 110.36 | 103.59 | 106.22 | 145.57 | 131.21 | 133.90 | 136.97 | 109.03 | 104.66 | 100.76 | 105.65 | 106.55 |
March 2, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.47
= 105.29
The Days of Inventory on Hand (DOH) ratio for MSC Industrial Direct Company Inc has fluctuated over the past two years, ranging between approximately 100 to 145 days. In general, a higher DOH indicates that the company takes longer to sell its inventory, which could tie up capital and result in higher carrying costs.
The recent DOH values have shown some variability, with the latest value at 105.29 days as of March 2, 2024. This slight decrease in DOH compared to the previous quarter suggests that the company may have improved its inventory management efficiency, resulting in a quicker turnover of inventory.
Overall, it would be beneficial for MSC Industrial Direct Company Inc to continue monitoring and potentially optimizing its inventory levels and processes to maintain an optimal balance between carrying costs and ensuring sufficient stock availability to meet customer demand.
Peer comparison
Mar 2, 2024