PVH Corp (PVH)
Days of inventory on hand (DOH)
| Feb 4, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 2.72 | 2.16 | 2.84 | 2.37 | 2.80 | |
| DOH | days | 134.44 | 168.65 | 128.49 | 154.13 | 130.45 |
February 4, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.72
= 134.44
The days of inventory on hand (DOH) for PVH Corp have varied over the past five years. The DOH was 134.44 days as of Feb 4, 2024, indicating that, on average, the company holds inventory for approximately 134 days before selling it. This represents an improvement compared to the previous year when the DOH was 168.65 days as of Jan 29, 2023.
Looking further back, in Jan 30, 2022, the DOH was 128.49 days, showing a slight increase compared to the current year. On Jan 31, 2021, the DOH was 154.13 days, suggesting that the company took longer to sell its inventory compared to the current year. However, there was an improvement in efficiency in inventory management from Feb 2, 2020, when the DOH was 130.45 days.
Overall, PVH Corp's DOH has shown some fluctuation over the years, with a recent improvement in 2024 compared to previous years. Efficient inventory management is crucial for optimizing working capital and improving overall profitability. PVH Corp may have implemented strategies to streamline inventory processes and reduce excess stock, leading to the observed improvement in DOH.
Peer comparison
Feb 4, 2024