WD-40 Company (WDFC)
Days of inventory on hand (DOH)
| Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 5.82 | 5.83 | 5.59 | 5.23 | 4.84 | 4.32 | 3.71 | 3.36 | 3.88 | 3.75 | 4.30 | 4.05 | 4.02 | 4.54 | 4.45 | 4.66 | 4.49 | 4.31 | 4.47 | 4.36 | |
| DOH | days | 62.75 | 62.62 | 65.29 | 69.74 | 75.42 | 84.43 | 98.48 | 108.66 | 94.02 | 97.44 | 84.87 | 90.05 | 90.70 | 80.35 | 82.01 | 78.28 | 81.20 | 84.72 | 81.74 | 83.70 |
August 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.82
= 62.75
The Days of Inventory on Hand (DOH) for WD-40 Company has shown some fluctuations over the past few years. The trend indicates that the company has been able to manage its inventory levels efficiently in recent years.
The company had relatively high DOH figures in the earlier years, with values exceeding 90 days in some periods. However, in the most recent years, the DOH numbers have decreased, indicating that the company has improved its inventory turnover efficiency.
In particular, over the last four quarters, the DOH has been stabilizing around the range of 62 to 65 days, suggesting that the company has been maintaining a more optimal inventory level during this period.
Overall, the declining trend in DOH reflects improved inventory management practices by WD-40 Company, which can lead to cost savings and better utilization of resources. However, it is important for the company to continue monitoring and optimizing its inventory levels to ensure operational efficiency and profitability.
Peer comparison
Aug 31, 2024