Bill Com Holdings Inc (BILL)
Days of inventory on hand (DOH)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | 0.31 | — | — | — | |
| DOH | days | — | 1,178.24 | — | — | — |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) for Bill Com Holdings Inc show significant fluctuations over the years. The data indicates that on June 30, 2020, June 30, 2021, and June 30, 2024, the DOH values were not available. However, on June 30, 2023, the DOH stood at 1,178.24 days.
The DOH ratio provides insight into how many days, on average, it takes for the company to sell its inventory. A higher DOH value, such as seen in 2023 for Bill Com Holdings Inc, could suggest inefficiencies in inventory management, potentially resulting in higher carrying costs, obsolescence, or lack of demand for the products.
It would be advisable for Bill Com Holdings Inc to closely monitor and possibly improve their inventory management practices to optimize the turnover of inventory and avoid tying up excessive capital in holding inventories for prolonged periods.
Peer comparison
Jun 30, 2024