A10 Network (ATEN)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Inventory turnover		7.58	7.02	6.56	6.96	7.00	8.12	8.19	8.57	8.00	7.75	8.07	7.28	8.20	8.00	7.64	7.38	5.13	5.24	5.87	5.66
DOH	days	48.13	52.02	55.62	52.41	52.17	44.96	44.58	42.57	45.63	47.12	45.23	50.12	44.50	45.61	47.75	49.48	71.18	69.69	62.17	64.51

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.58
= 48.13

The days of inventory on hand (DOH) for A10 Network have shown fluctuations over the period from December 31, 2019, to December 31, 2024. The trend indicates a slight decrease in DOH from 64.51 days as of December 31, 2019, to 48.13 days by December 31, 2024.

The company managed to decrease its DOH consistently until September 30, 2021, where it reached a low of 44.50 days. However, there was a slight increase in DOH in the subsequent quarters up to March 31, 2022. From there, the DOH decreased again but showed some volatility before settling around 48-52 days by the end of 2024.

Overall, the trend suggests that A10 Network has been managing its inventory levels efficiently, with a decreasing trend in DOH indicating a better turnover of inventory. However, the slight increase in the latter part of the period may warrant further monitoring to ensure optimal inventory management in the future.