A10 Network (ATEN)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		6.84	8.57	7.28	7.29	7.56
DOH	days	53.38	42.57	50.15	50.07	48.26

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.84
= 53.38

The days of inventory on hand (DOH) for A10 Networks Inc have shown some fluctuation over the past five years. In 2023, the company had 179.01 days worth of inventory on hand, which was an increase from the previous year's 126.48 days. This suggests that A10 Networks Inc may be holding onto its inventory for a longer period in 2023 compared to 2022.

In 2021, the DOH was 153.23 days, which was a decrease from the DOH of 150.88 days in 2020. This indicates that the company managed its inventory more efficiently in 2021, translating into a shorter time period that inventory was held on hand.

Furthermore, in 2019, the DOH was 167.14 days, indicating a higher level of inventory on hand compared to the subsequent years. Generally, a higher DOH value suggests that the company may be experiencing slower sales or facing challenges in managing its inventory effectively.

Overall, while the DOH for A10 Networks Inc has varied over the years, it is important for the company to continuously monitor and optimize its inventory management practices to ensure efficient operations and profitability in the long term.