Ulta Beauty Inc (ULTA)

Days of inventory on hand (DOH)

		Feb 3, 2024	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	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Inventory turnover		4.02	2.85	3.58	3.62	3.94	2.77	3.41	3.49	3.57	2.60	3.32	3.34	3.77	2.97	3.16	3.35	3.65	2.85	3.44	3.54
DOH	days	90.73	127.86	101.86	100.84	92.61	131.90	107.03	104.56	102.12	140.23	110.05	109.35	96.87	122.90	115.45	109.02	100.11	128.25	106.02	103.17

February 3, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.02
= 90.73

Ulta Beauty Inc's days of inventory on hand (DOH) has shown some fluctuation over the past few quarters. The DOH ranged from a low of 90.73 days to a high of 140.23 days. Generally, a lower DOH indicates that the company is selling inventory quickly and efficiently, while a higher DOH could suggest potential issues with inventory management or slowing sales.

Looking at the trend, there seems to be some variability in Ulta Beauty Inc's inventory management efficiency. For example, the DOH increased significantly in the quarter ending Oct 30, 2021, before decreasing in the following quarter and then increasing again in subsequent periods.

It would be advisable for Ulta Beauty Inc to closely monitor its inventory levels and sales to ensure that it maintains an optimal level of inventory on hand. This can help improve cash flow, reduce carrying costs, and ensure that the company is meeting customer demand effectively.