Standex International Corporation (SXI)
Days of inventory on hand (DOH)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 7.11 | 6.51 | 6.18 | 6.55 | 4.58 | |
| DOH | days | 51.36 | 56.08 | 59.08 | 55.71 | 79.77 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.11
= 51.36
Standex International Corporation's Days of Inventory on Hand (DOH) has shown a declining trend over the past five years. In the most recent fiscal year, as of June 30, 2024, Standex had 51.36 days of inventory on hand, which indicates that the company was able to sell and replenish its inventory more efficiently compared to the previous years. This improvement suggests a more effective inventory management strategy, leading to potential cost savings and improved cash flow. The decreasing trend in DOH indicates that Standex has been able to better control its inventory levels and avoid excess stock, which can tie up working capital and lead to obsolescence. Overall, a lower DOH reflects operational efficiency and effective inventory management practices, which could positively impact the company's financial performance.
Peer comparison
Jun 30, 2024