Thor Industries Inc (THO)
Days of inventory on hand (DOH)
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 7.04 | 6.22 | 5.58 | 5.85 | 6.37 | 6.12 | 6.89 | 7.58 | 8.42 | 8.42 | 8.12 | 7.58 | 8.33 | 6.93 | 6.69 | 7.80 | 10.88 | 9.00 | 9.28 | 8.63 | |
| DOH | days | 51.85 | 58.72 | 65.40 | 62.37 | 57.26 | 59.64 | 52.99 | 48.14 | 43.33 | 43.37 | 44.94 | 48.15 | 43.81 | 52.64 | 54.54 | 46.80 | 33.56 | 40.54 | 39.34 | 42.29 |
July 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.04
= 51.85
The days of inventory on hand (DOH) for Thor Industries Inc has shown some fluctuations over the past several quarters. The trend indicates an increase in DOH from 33.56 days as of October 31, 2019, to 65.40 days as of January 31, 2024, followed by some variability but generally remaining elevated compared to historical levels. This suggests that the company may be holding more inventory on hand relative to its sales, which could tie up working capital and potentially lead to increased carrying costs or obsolescence risk. Management should closely monitor inventory levels and implement strategies to optimize inventory management efficiency.
Peer comparison
Jul 31, 2024