John Wiley & Sons (WLY)
Days of inventory on hand (DOH)
| 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 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 64.39 | 64.39 | 62.54 | 62.33 | 62.95 | 59.78 | 55.23 | 57.43 | 53.99 | 46.89 | 45.85 | 44.07 | 39.06 | 48.13 | 46.14 | 42.73 | 44.21 | 53.17 | 46.14 | 41.71 | |
| DOH | days | 5.67 | 5.67 | 5.84 | 5.86 | 5.80 | 6.11 | 6.61 | 6.36 | 6.76 | 7.78 | 7.96 | 8.28 | 9.34 | 7.58 | 7.91 | 8.54 | 8.26 | 6.86 | 7.91 | 8.75 |
April 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 64.39
= 5.67
The days of inventory on hand (DOH) for John Wiley & Sons have exhibited fluctuations over the past few quarters. In general, the company has managed to keep its inventory turnover relatively stable, ranging from a low of 5.67 days to a high of 9.34 days over the past two years.
A lower DOH value indicates that the company is selling its inventory more efficiently, while a higher value suggests that the company may be holding excess inventory, which could tie up working capital and lead to increased storage costs.
It is noteworthy that the DOH peaked at 9.34 days in the quarter ended April 30, 2021, before decreasing in subsequent quarters. This reduction in DOH indicates a potential improvement in inventory management efficiency during these periods. However, the DOH increased again to 8.75 days in the quarter ended October 31, 2019, which may warrant further investigation into inventory control practices.
Overall, analyzing the trend in DOH can provide insights into the company's inventory management effectiveness, its ability to adapt to changing market conditions, and its overall operational efficiency.
Peer comparison
Apr 30, 2024