Urban Outfitters Inc (URBN)

Days of inventory on hand (DOH)

		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	Jul 31, 2019	Apr 30, 2019
Inventory turnover		6.23	4.70	5.77	5.72	5.72	4.46	4.65	5.01	5.36	4.61	5.78	5.52	6.60	5.30	7.43	8.03	6.66	5.01	5.98	6.42
DOH	days	58.62	77.60	63.28	63.83	63.79	81.76	78.50	72.84	68.07	79.25	63.11	66.13	55.28	68.81	49.10	45.44	54.77	72.91	61.06	56.88

January 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.23
= 58.62

The Days of Inventory on Hand (DOH) for Urban Outfitters Inc has shown some fluctuations over the past few quarters. In the most recent quarter, ending January 31, 2024, the company had 58.62 days of inventory on hand, which is a decrease from the previous quarter's 77.60 days. This may indicate a more efficient management of inventory levels, potentially leading to better working capital management.

Looking at the trend over the past few quarters, we see that the DOH has varied between a low of 45.44 days in April 2020 and a high of 81.76 days in October 2022. These fluctuations suggest that Urban Outfitters Inc has been actively managing its inventory levels to respond to changing market conditions and demand patterns.

Overall, monitoring the DOH metric can provide valuable insights into the company's inventory management efficiency. A decreasing trend in DOH could indicate improved inventory turnover and stronger working capital management, while an increasing trend may suggest potential inventory obsolescence or overstocking issues that could impact profitability.