Aspen Technology Inc (AZPN)

Days of inventory on hand (DOH)

		Jun 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
Inventory turnover		—	—	126.57	24.84	32.70	38.03	50.56
DOH	days	—	—	2.88	14.69	11.16	9.60	7.22

June 30, 2024 calculation

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

The days of inventory on hand (DOH) for Aspen Technology Inc fluctuated over the past few quarters. In the latest period, as of June 30, 2024, the DOH data is not available. However, we can observe a downward trend in DOH from 2.88 days as of December 31, 2023, to 7.22 days as of December 31, 2022.

A lower DOH figure typically indicates that the company is managing its inventory efficiently, turning over its inventory more quickly. Conversely, a higher DOH may signal potential issues with inventory management and could lead to higher carrying costs and a risk of obsolescence.

It's important for Aspen Technology Inc to closely monitor and analyze its DOH over time to ensure optimal inventory levels, minimize costs, and improve overall operational efficiency. Tracking DOH trends can also provide insights into the company's sales performance, production planning, and supply chain management.