Box Inc (BOX)

Days of inventory on hand (DOH)

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Inventory turnover		—	16.16	—	13.01	14.35
DOH	days	—	22.58	—	28.05	25.43

January 31, 2024 calculation

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

The days of inventory on hand (DOH) metric for Box Inc has shown variability over the past five years. In particular, the DOH was 22.58 days as of January 31, 2023, which indicates that the company held its inventory for approximately 22.58 days before selling it. This was a decrease from the previous year's DOH of 28.05 days as of January 31, 2022, suggesting a more efficient management of inventory. The DOH for the other years was not available in the provided data.

The decreasing trend in the DOH from 2022 to 2023 may imply that Box Inc has been improving its inventory management practices, possibly by optimizing its supply chain or adjusting procurement processes. However, without additional data points, it is challenging to draw more definitive conclusions about the company's inventory turnover efficiency over the five-year period.

In conclusion, the observed fluctuations in the DOH metric for Box Inc highlight the importance of monitoring inventory turnover dynamics to assess operational efficiency and financial performance.