Agilysys Inc (AGYS)

Days of inventory on hand (DOH)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Inventory turnover		48.63	19.13	22.99	138.19	56.89
DOH	days	7.51	19.08	15.87	2.64	6.42

March 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 48.63
= 7.51

Agilysys Inc's days of inventory on hand (DOH) has varied significantly over the past five years. In 2024, the company had 7.51 days of inventory on hand, a significant improvement compared to the previous year's 19.08 days. This indicates that Agilysys has become more efficient in managing its inventory levels, possibly through improved inventory control and supply chain management.

The DOH in 2023 was notably higher than in 2022, suggesting potential issues with inventory management during that period. However, the DOH in 2022 was lower compared to 2021, indicating a positive trend of reducing inventory holding periods.

In 2021, Agilysys had a very low DOH of 2.64 days, which may suggest aggressive inventory turnover strategies or lean inventory management practices. The DOH in 2020 was 6.42 days, indicating a slight increase in inventory holding period compared to 2021.

Overall, Agilysys Inc's DOH has shown fluctuations over the years, but the recent improvement in 2024 reflects better inventory management practices, potentially leading to cost savings and improved operational efficiency. It will be important to monitor future trends in the company's inventory turnover to assess the effectiveness of its inventory management strategies.