Aspen Technology Inc (AZPN)

Days of inventory on hand (DOH)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022
Inventory turnover		—	32.70	—
DOH	days	—	11.16	—

June 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

Aspen Technology Inc's days of inventory on hand (DOH) saw a significant decrease from 11.16 days as of June 30, 2023, to an undisclosed figure for June 30, 2022. This downward trend in DOH suggests that the company is managing its inventory more efficiently. A lower DOH indicates that Aspen Technology Inc is selling its inventory at a faster rate, which can help improve cash flow and reduce holding costs associated with excess inventory. This can be a positive sign for the company's operational efficiency and overall financial health.