A10 Network (ATEN)

Days of inventory on hand (DOH)

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		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	8.22	8.13	9.11
DOH	days	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	44.38	44.89	40.07

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.96
= 52.41

The Days of Inventory on Hand (DOH) for A10 Networks Inc has shown some fluctuations over the past eight quarters. In Q4 2023, the company had 179.01 days of inventory on hand, which was higher compared to the previous quarter's 170.53 days. This increase indicates that the company may be carrying excess inventory relative to its sales volume.

Looking back at the trend, in Q2 2023, there was a significant decrease in DOH to 137.67 days, which was the lowest in the past two years. This reduction suggests that the company managed its inventory more efficiently during that period.

Comparing year-over-year performance, in Q4 2023, DOH was higher at 179.01 days compared to 126.48 days in Q4 2022. This indicates a longer period of time that inventory is held before being sold, which may tie up capital and increase carrying costs for the company.

Overall, A10 Networks Inc should monitor its inventory management closely to optimize its supply chain efficiency and avoid potential issues related to excess inventory holding costs and obsolescence.