CACI International Inc (CACI)

Days of inventory on hand (DOH)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Inventory turnover		59.19	46.98	57.43	69.07	80.75
DOH	days	6.17	7.77	6.36	5.28	4.52

June 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 59.19
= 6.17

The Days of Inventory on Hand (DOH) for CACI International Inc have fluctuated over the past five years. In the most recent fiscal year ending on June 30, 2024, the company had an average of 6.17 days of inventory on hand, which indicates that, on average, it took approximately 6.17 days for the company to sell its inventory.

Compared to the prior year, there was a slight improvement in inventory turnover efficiency as the DOH decreased from 7.77 days in June 2023 to 6.17 days in June 2024. This suggests that the company managed its inventory more effectively during the most recent fiscal year.

When looking at a longer-term trend, we can see that CACI's DOH has been trending upwards from 4.52 days in June 2020 to 6.17 days in June 2024. This may indicate that the company is holding onto its inventory for a slightly longer period before selling it.

Overall, a lower DOH is generally preferred as it signifies that the company is efficiently managing its inventory levels and turning over its inventory more quickly. However, the specific reasons behind the changes in DOH for CACI International Inc would require further analysis and consideration of other factors impacting the company's operations and supply chain efficiency.