Walgreens Boots Alliance Inc (WBA)
Days of inventory on hand (DOH)
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 19.07 | 15.58 | 18.15 | 18.00 | 16.40 | 15.16 | 16.08 | 15.68 | 14.91 | 14.00 | 16.74 | 12.34 | 12.67 | 9.92 | 13.58 | 14.68 | 14.02 | 12.70 | 14.24 | 12.74 | |
| DOH | days | 19.14 | 23.42 | 20.11 | 20.28 | 22.26 | 24.08 | 22.70 | 23.28 | 24.47 | 26.07 | 21.81 | 29.59 | 28.80 | 36.80 | 26.89 | 24.86 | 26.03 | 28.73 | 25.63 | 28.65 |
February 29, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 19.07
= 19.14
The Days of Inventory on Hand (DOH) for Walgreens Boots Alliance Inc have displayed fluctuations over the past few years, ranging from a low of 19.14 days to a high of 36.80 days. On average, the company holds inventory for approximately 24 days before selling it.
In recent periods, the DOH has shown a downward trend, indicating that the company has been able to manage its inventory more effectively and convert it into sales quicker. This implies improved efficiency in inventory management and potentially lower carrying costs.
However, it is worth noting that the DOH metric can be influenced by various factors, including seasonality, product demand fluctuations, supply chain disruptions, and changes in procurement strategies. Hence, while a decreasing trend in DOH is generally positive, it is important for Walgreens Boots Alliance to continuously monitor and optimize its inventory levels to strike a balance between meeting customer demand and controlling costs.
Peer comparison
Feb 29, 2024
See also:
Walgreens Boots Alliance Inc Average Inventory Processing Period (Quarterly Data)