ANSYS Inc (ANSS)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | |
| DOH | days | — | — | — | — | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) measure the number of days a company holds on to its inventory before selling it. Unfortunately, without specific data provided for Ansys Inc.'s DOH in the given years, a direct analysis of this ratio is not possible. To assess Ansys Inc.'s inventory management efficiency, we would need the cost of goods sold (COGS) and the average inventory levels for each year.
In general, a decreasing trend in DOH over time indicates that a company is selling its inventory more quickly and efficiently. Conversely, an increasing trend may suggest potential issues with inventory management, such as overstocking or slow sales turnover.
To provide a more in-depth analysis of Ansys Inc.'s inventory management performance, it is essential to obtain additional financial data for the relevant years and calculate the DOH ratio using the formula: DOH = (Average Inventory / Cost of Goods Sold) x 365 days. This calculation will yield insights into how effectively Ansys Inc. is managing and turning over its inventory, which is crucial for assessing the company's operational efficiency and financial health.
Peer comparison
Dec 31, 2023