Azenta Inc (AZTA)
Days of inventory on hand (DOH)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 7.97 | 6.31 | 7.09 | 9.95 | 22.23 | |
| DOH | days | 45.78 | 57.88 | 51.49 | 36.68 | 16.42 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.97
= 45.78
The Days of Inventory on Hand (DOH) for Azenta Inc has shown a fluctuating trend over the past five years. In the latest fiscal year ending September 30, 2024, the company had 45.78 days worth of inventory on hand, indicating a decrease compared to the previous year. This suggests that Azenta managed its inventory more efficiently in the most recent year.
Looking back over the years, the DOH was highest in September 2013 at 57.88 days, showing a significant decrease to 36.68 days in September 2021. This reduction in DOH could imply that Azenta successfully controlled its inventory levels and turnover during this period.
However, one outlier is observed in September 2020, where the DOH dropped sharply to just 16.42 days, indicating a substantial improvement in inventory management efficiency. This could be a result of effective inventory optimization strategies or increased demand for its products during that period.
Overall, the fluctuating nature of Azenta's DOH over the past five years suggests varying levels of effectiveness in managing its inventory. It is crucial for the company to continue monitoring and optimizing its inventory turnover to maintain efficient operations and achieve financial stability.
Peer comparison
Sep 30, 2024