Steven Madden Ltd (SHOO)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.02 | 5.46 | 4.30 | 7.27 | 8.04 | |
| DOH | days | 72.73 | 66.89 | 84.79 | 50.21 | 45.38 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.02
= 72.73
The days of inventory on hand (DOH) for Steven Madden Ltd. has shown some fluctuations over the past five years. In 2023, the company had 72.73 days of inventory on hand, an increase from 66.89 days in 2022. This indicates that in 2023, the company held inventory for a longer period compared to the previous year.
Looking back further, in 2021, the DOH was 84.79 days, which was higher compared to both 2022 and 2023, suggesting that the company may have faced challenges managing its inventory efficiently that year. In 2020, the DOH decreased significantly to 50.21 days, indicating an improvement in inventory management practices.
The lowest DOH in the past five years was in 2019 at 45.38 days, indicating that Steven Madden Ltd. was more efficient in managing its inventory that year compared to subsequent years.
Overall, the trend in Steven Madden Ltd.'s days of inventory on hand indicates some variability, with fluctuations that may reflect changing inventory management strategies or market conditions impacting inventory holding periods.
Peer comparison
Dec 31, 2023