Calix Inc (CALX)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.29 | 4.58 | 5.67 | 8.02 | 8.93 | |
| DOH | days | 58.05 | 79.69 | 64.40 | 45.52 | 40.88 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.29
= 58.05
The days of inventory on hand (DOH) for Calix Inc have exhibited variability over the past five years. In 2023, the DOH was 93.12 days, which marks a notable improvement from the prior year when it stood at 125.91 days. This indicates that the company was able to manage its inventory more efficiently in 2023. However, when compared to 2021 and 2020, where the DOH was 100.50 days and 69.57 days respectively, the inventory management in 2023 is closer to the levels seen in 2020 rather than 2021.
It is noteworthy that in 2019, the DOH was 61.99 days, indicating a more efficient inventory management compared to the subsequent years. The increasing trend from 2019 to 2022 suggests that the company may have faced challenges in optimizing its inventory levels during this period. The significant decrease in DOH in 2023 compared to the prior year could signify efforts by Calix Inc to streamline its inventory processes and improve operational efficiency. Further trend analysis and comparison with industry benchmarks would be beneficial to assess Calix Inc's inventory management performance comprehensively.
Peer comparison
Dec 31, 2023