PVH Corp (PVH)
Days of inventory on hand (DOH)
| Feb 4, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Nov 3, 2019 | Aug 4, 2019 | May 5, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.72 | 2.68 | 2.20 | 2.28 | 2.16 | 2.10 | 2.25 | 2.78 | 2.84 | 2.74 | 2.68 | 2.43 | 2.37 | 2.42 | 2.29 | 2.65 | 2.80 | 2.51 | 2.38 | 2.73 | |
| DOH | days | 134.44 | 135.99 | 166.04 | 159.78 | 168.65 | 174.17 | 162.43 | 131.26 | 128.49 | 133.19 | 136.16 | 150.11 | 154.13 | 150.61 | 159.42 | 137.70 | 130.45 | 145.15 | 153.62 | 133.87 |
February 4, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.72
= 134.44
The days of inventory on hand (DOH) for PVH Corp have shown fluctuations over the past few years. DOH represents how many days a company's current inventory would last based on its recent sales.
From November 2019 to July 2022, the DOH ranged between 128.49 days to 174.17 days, indicating potential fluctuations in inventory management efficiency during this period. A higher DOH suggests inventory levels might be too high or sales are slower, potentially tying up capital in unsold goods.
The DOH decreased notably by August 2022, reaching 131.26 days, and continued to decline, hitting a low of 128.49 days by January 2022. This trend suggests the company might have improved its inventory turnover or management practices, leading to a leaner and more efficient inventory management system.
Subsequently, there was a slight increase in DOH by February 2024 to 134.44 days, indicating a potential slowdown in inventory turnover or a build-up of excess inventory compared to the previous period. Companies aim to strike a balance in inventory levels to meet customer demand while avoiding excess stock that could tie up resources.
Overall, PVH Corp's DOH trend suggests varying degrees of inventory management effectiveness over the analyzed period, signaling the importance of monitoring and adjusting inventory levels to optimize working capital and operational efficiency.
Peer comparison
Feb 4, 2024