John Wiley & Sons (WLY)
Days of inventory on hand (DOH)
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 63.68 | 62.30 | 50.98 | 40.50 | 45.50 | |
| DOH | days | 5.73 | 5.86 | 7.16 | 9.01 | 8.02 |
April 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 63.68
= 5.73
Based on the data provided, John Wiley & Sons has demonstrated a consistent improvement in its days of inventory on hand (DOH) over the past five years. The DOH has decreased from 8.02 days in 2020 to 5.73 days in 2024, indicating that the company has been managing its inventory more efficiently.
A lower number of days of inventory on hand suggests that the company is selling its inventory at a faster rate, which is a positive sign of operational efficiency. It also implies that the company may be carrying less excess inventory, reducing the risk of obsolete or slow-moving inventory.
The decreasing trend in DOH indicates that John Wiley & Sons has been effective in managing its inventory levels, possibly through improved inventory control practices, better demand forecasting, or tighter inventory management processes.
Overall, the declining days of inventory on hand for John Wiley & Sons reflect positively on the company's operational effectiveness and efficiency in managing its inventory.
Peer comparison
Apr 30, 2024