Box Inc (BOX)

Days of inventory on hand (DOH)

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Inventory turnover		—	17.29	16.97	16.62	16.16	16.94	17.16	17.22	—	—	—	10.99	13.01	9.64	9.88	9.69	10.75	16.62	16.48	16.45
DOH	days	—	21.11	21.50	21.97	22.58	21.54	21.27	21.20	—	—	—	33.20	28.05	37.85	36.94	37.65	33.97	21.96	22.15	22.18

January 31, 2024 calculation

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

The days of inventory on hand (DOH) for Box Inc show some fluctuations over the periods provided. From July 31, 2019, to April 30, 2020, the DOH ranged from around 21.96 days to 37.65 days, indicating some variability in managing inventory levels during that time. However, from July 31, 2020, to Jan 31, 2023, the DOH figures remained relatively stable around the low 20s, suggesting consistent inventory management practices.

There was a significant spike in DOH to 33.20 days on April 30, 2023, which may indicate potential issues with inventory management or changes in demand that impacted inventory holding periods. This was followed by a slight decrease in DOH to around 21.50 days by Oct 31, 2023, suggesting some adjustment in inventory levels.

Overall, the trend in recent periods shows some level of stability in inventory management, with the company trying to keep the DOH within a manageable range. However, the spike in DOH on April 30, 2023, warrants further investigation to understand the underlying reasons for the increase and assess any potential risks or inefficiencies in the inventory management process.