Oxford Industries Inc (OXM)
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 | 9.54 | 8.76 | 8.37 | 7.19 | 5.56 | 6.74 | 8.11 | 8.72 | 8.69 | 10.87 | 12.31 | 6.34 | 4.15 | 3.63 | 3.95 | 5.01 | 6.87 | 6.77 | 6.78 | 6.61 | |
| DOH | days | 38.27 | 41.66 | 43.62 | 50.74 | 65.64 | 54.17 | 45.00 | 41.88 | 42.01 | 33.56 | 29.65 | 57.58 | 87.87 | 100.59 | 92.42 | 72.84 | 53.14 | 53.88 | 53.82 | 55.20 |
February 3, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.54
= 38.27
The days of inventory on hand (DOH) for Oxford Industries Inc have shown fluctuations over the past few years. The company's inventory turnover efficiency has varied, indicated by the number of days it takes to sell its inventory within a specific period.
On average, Oxford Industries Inc has had around 50 days of inventory on hand, with some periods showing inventory turnover rates as low as 29 days and as high as 100 days. Variations in DOH may suggest changes in the company's inventory management efficiency, production levels, demand for its products, or supply chain disruptions.
A decreasing trend in DOH, such as the lowest point of 29.65 days in July 2021, may indicate improved inventory turnover efficiency, leading to reduced carrying costs and potential liquidity benefits. Conversely, an increasing trend in DOH, like the peak of 100.59 days in October 2020, may signal excess inventory levels, potential obsolescence risk, or operational inefficiencies.
It is essential for Oxford Industries Inc to monitor its DOH closely, optimize inventory levels, align them with demand fluctuations, and enhance operational efficiency to maximize profitability and ensure sustainable growth in the competitive market environment. Further analysis and comparison with industry benchmarks can provide deeper insights into the company's inventory management performance.
Peer comparison
Feb 3, 2024