Winnebago Industries Inc (WGO)
Days of inventory on hand (DOH)
| Aug 31, 2024 | May 25, 2024 | Feb 24, 2024 | Nov 25, 2023 | Aug 26, 2023 | May 27, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.56 | 6.46 | 6.30 | 6.19 | 6.80 | 6.83 | 7.40 | 7.66 | 8.33 | 8.72 | 8.13 | 8.15 | 9.44 | 8.93 | 9.08 | 9.07 | 12.31 | 10.67 | 8.67 | 6.95 | |
| DOH | days | 55.68 | 56.49 | 57.94 | 58.99 | 53.70 | 53.42 | 49.35 | 47.67 | 43.81 | 41.84 | 44.89 | 44.78 | 38.66 | 40.86 | 40.20 | 40.26 | 29.65 | 34.21 | 42.10 | 52.51 |
August 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.56
= 55.68
Days of Inventory on Hand (DOH) indicates the average number of days it takes for a company to sell its entire inventory. A lower DOH is generally considered more favorable as it suggests quicker inventory turnover and lower holding costs.
Analyzing the trend of Winnebago Industries Inc's DOH over the past few quarters, we observe some fluctuations. The DOH has ranged between 29.65 days to 58.99 days in the past 20 quarters.
In recent quarters, there seems to be a general trend of decreasing DOH from the peak of 58.99 days in November 2023 to the low of 29.65 days in November 2020. This trend indicates that Winnebago Industries Inc has improved its inventory management efficiency over time, resulting in faster inventory turnover.
However, it is important to note that the DOH has shown some variability, as seen in the fluctuations between quarters. This may be due to factors such as seasonal variations in demand, production delays, or changes in sales strategies.
Overall, Winnebago Industries Inc's performance in managing its inventory appears to have improved over the analyzed period, as indicated by the decreasing trend in the DOH metric.
Peer comparison
Aug 31, 2024