Blackline Inc (BL)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | 2,683.99 | — | — | — | — | — | — | |
| DOH | days | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.14 | — | — | — | — | — | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) ratio for Blackline Inc has been fluctuating over the past five quarters, with no data available for some periods. The DOH ratio measures the number of days a company holds its inventory before selling it and is an indicator of how efficiently the company manages its inventory levels.
In the most recent quarter, the DOH ratio was not provided (— days), making it difficult to assess the trend accurately. However, in the previous quarters where data was available, the DOH ratio ranged from very low to moderately low levels (0.14 days, etc.), suggesting that Blackline Inc is efficient in turning over its inventory quickly.
A low DOH ratio can indicate strong inventory management, quick sales turnover, and potentially lower holding costs. However, it's essential to consider the nature of the industry and business operations when interpreting this ratio as different industries may have varying optimal levels of inventory turnover.
Overall, further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of how Blackline Inc manages its inventory levels and the efficiency of its operations.
Peer comparison
Dec 31, 2023