Skyline Corporation (SKY)
Days of inventory on hand (DOH)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.84 | 10.38 | 7.80 | 7.93 | 10.22 | |
| DOH | days | 62.53 | 35.17 | 46.81 | 46.01 | 35.73 |
March 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.84
= 62.53
The days of inventory on hand (DOH) for Skyline Corporation have shown varying trends over the past five years.
In March 2020, the DOH was recorded at 35.73 days, reflecting a moderate level of inventory management efficiency. However, there was a notable increase in DOH to 46.01 days by March 2021, indicating a longer period of time that inventory is held before being sold.
This trend continued in March 2022, with the DOH further increasing to 46.81 days, suggesting potential challenges in managing inventory levels effectively. The following year, in March 2023, there was a decrease in DOH to 35.17 days, which could indicate improvements in inventory management practices.
However, by March 2024, the DOH spiked significantly to 62.53 days, indicating a notable increase in the time it takes for inventory to be sold. This could raise concerns about potential excess inventory levels or difficulties in converting inventory into sales efficiently.
Overall, Skyline Corporation's DOH has exhibited fluctuations over the years, suggesting potential opportunities for the company to further optimize its inventory management processes to improve overall operational efficiency and financial performance.
Peer comparison
Mar 31, 2024