Urban Outfitters Inc (URBN)

Days of inventory on hand (DOH)

		Jan 31, 2025	Oct 31, 2024	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
Inventory turnover		5.83	4.48	5.81	6.00	6.23	4.71	5.78	5.73	5.73	4.47	4.65	5.01	5.36	4.61	5.79	5.52	6.64	5.36	7.52	8.12
DOH	days	62.64	81.51	62.79	60.86	58.60	77.45	63.16	63.71	63.67	81.73	78.50	72.84	68.07	79.22	63.09	66.11	54.95	68.04	48.56	44.95

January 31, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.83
= 62.64

The days of inventory on hand (DOH) of Urban Outfitters Inc has shown some fluctuations over the past few years. From January 31, 2021, to October 31, 2022, there was an increasing trend in the DOH, reaching a peak of 81.73 days on October 31, 2022. This suggests that the company may have been carrying more inventory relative to its sales during this period.

Subsequently, from January 31, 2023, to April 30, 2024, the DOH decreased, indicating a potential improvement in inventory management efficiency. However, there was a slight increase in the DOH by the end of October 31, 2024, standing at 81.51 days.

Overall, the company should continue monitoring its inventory levels closely to ensure optimal balance between having enough inventory to meet demand without tying up excess capital in unsold goods.