Calix Inc (CALX)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.68 | 3.92 | 2.90 | 3.63 | 5.25 | |
| DOH | days | 99.21 | 93.12 | 125.91 | 100.50 | 69.57 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.68
= 99.21
The Days of Inventory on Hand (DOH) is a crucial ratio that indicates the average number of days a company takes to sell its inventory. For Calix Inc, the trend in DOH over the past five years has been fluctuating.
As of December 31, 2020, Calix Inc had 69.57 days of inventory on hand, indicating that, on average, the company took around 70 days to sell its inventory. This figure increased significantly to 100.50 days by December 31, 2021, suggesting a slowdown in inventory turnover.
The trend continued with a further rise in DOH to 125.91 days by December 31, 2022, which might raise concerns about inventory management efficiency. However, there was a slight decrease in the DOH to 93.12 days by December 31, 2023, possibly indicating improvements in inventory turnover.
By December 31, 2024, the DOH stood at 99.21 days, showing a moderate increase compared to the previous year. Overall, the fluctuation in Calix Inc's DOH suggests potential challenges in inventory management efficiency that may require closer monitoring and optimization to ensure optimal inventory turnover and working capital management.
Peer comparison
Dec 31, 2024