Ross Stores Inc (ROST)

Days of inventory on hand (DOH)

		Jan 31, 2025	Nov 2, 2024	Aug 3, 2024	May 4, 2024	Feb 3, 2024	Oct 31, 2023	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
Inventory turnover		6.24	5.35	6.11	6.42	7.61	6.26	6.67	7.47	7.53	7.92	6.38	5.83	5.68	6.71	6.50	7.52	6.97	6.98	6.08	8.91
DOH	days	58.47	68.24	59.72	56.85	47.94	58.33	54.68	48.84	48.48	46.06	57.22	62.59	64.25	54.36	56.13	48.53	52.36	52.31	60.08	40.97

January 31, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.24
= 58.47

The days of inventory on hand (DOH) for Ross Stores Inc have exhibited fluctuations over the reported periods.

- The DOH was at 40.97 days on August 1, 2020, and increased to 60.08 days by October 31, 2020. This sharp increase suggests a buildup of inventory relative to sales.

- Subsequently, there was a decrease in DOH to 52.31 days by January 30, 2021, indicating a potentially more efficient management of inventory levels.

- The DOH remained relatively stable around the low 50s range from January to July 2021 before rising to 64.25 days by April 30, 2022, which may signify slower inventory turnover.

- There was a slight improvement as DOH decreased to 54.68 days by October 28, 2023. However, it increased again to 68.24 days by November 2, 2024, which could indicate challenges in managing inventory efficiently.

- The latest reported DOH on January 31, 2025, was 58.47 days, suggesting a need for Ross Stores Inc to potentially streamline inventory management practices to optimize working capital and minimize carrying costs.

Overall, the varying DOH values imply fluctuations in inventory management efficiency, and Ross Stores Inc may benefit from closely monitoring and adjusting inventory levels to enhance operational performance and financial health.