CACI International Inc (CACI)

Days of inventory on hand (DOH)

		Jun 30, 2024	Mar 31, 2024	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
Inventory turnover		59.19	50.68	47.32	45.25	46.98	49.07	52.50	52.77	57.43	69.63	65.77	68.47	69.07	68.88	68.86	69.15	80.75	63.96	73.40	—
DOH	days	6.17	7.20	7.71	8.07	7.77	7.44	6.95	6.92	6.36	5.24	5.55	5.33	5.28	5.30	5.30	5.28	4.52	5.71	4.97	—

June 30, 2024 calculation

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

The Days of Inventory on Hand (DOH) ratio for CACI International Inc has displayed fluctuations over the past few quarters. The trend indicates that the company has taken around 5 to 8 days to sell its inventory during the periods under consideration.

In recent quarters, there was a gradual increase in the DOH ratio, reaching a peak of 8.07 days on September 30, 2023. This suggests that CACI might have been holding onto its inventory for a slightly longer period compared to previous quarters.

However, there was a slight improvement in the DOH ratio in the subsequent periods, with the ratio declining to 6.17 days on June 30, 2024. The decreasing trend could imply a more efficient management of inventory or potentially a higher turnover rate.

Overall, analyzing the DOH ratio reveals insights into how well CACI is managing its inventory levels and how quickly it is converting inventory into sales. It is crucial for the company to strike a balance in holding optimal inventory levels to meet demand while avoiding excess stock that could tie up capital and increase carrying costs.