Ross Stores Inc (ROST)

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		8.24	6.67	7.47	7.53	8.26	6.65	6.08	6.20	7.33	7.13	8.82	8.19	8.18	7.56	10.82	7.36	7.58	6.29	7.28	7.25
DOH	days	44.28	54.68	48.84	48.48	44.21	54.91	60.05	58.87	49.79	51.22	41.40	44.56	44.63	48.30	33.72	49.57	48.14	58.07	50.12	50.32

February 3, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.24
= 44.28

The days of inventory on hand (DOH) for Ross Stores Inc fluctuated over the period analyzed. The company maintained an average DOH of approximately 47 days, indicating that on average, it took Ross Stores Inc around 47 days to sell or use up its inventory during the period.

There were some periods where the DOH was relatively lower, such as on May 2, 2020, when it was 33.72 days, suggesting that Ross Stores Inc managed its inventory efficiently during that period. Conversely, on Jul 30, 2022, the DOH peaked at 60.05 days, showing that the company held inventory for a longer period before selling or using it.

Overall, it is important for Ross Stores Inc to monitor its DOH closely to ensure optimal inventory management, balancing between having enough inventory to meet customer demand and minimizing carrying costs associated with excess inventory levels.