Calix Inc (CALX)
Days of inventory on hand (DOH)
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.18 | 4.80 | 4.58 | 4.22 | 4.58 | 4.44 | 5.81 | 5.07 | 5.67 | 6.52 | 6.09 | 6.21 | 8.02 | 9.51 | 10.47 | 12.01 | 8.93 | 7.76 | 7.85 | 7.04 | |
| DOH | days | 87.39 | 76.09 | 79.77 | 86.57 | 79.69 | 82.26 | 62.79 | 72.04 | 64.40 | 56.01 | 59.94 | 58.74 | 45.52 | 38.40 | 34.88 | 30.39 | 40.88 | 47.06 | 46.50 | 51.87 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.18
= 87.39
To analyze Calix Inc's days of inventory on hand (DOH) for the recent quarters, we observe a fluctuating trend. In Q4 2023, the DOH was 93.12 days, showing an improvement from the prior three quarters. This indicates the company managed its inventory more efficiently in Q4 compared to Q3, Q2, and Q1 2023.
In the preceding quarter, Q3 2023, the DOH increased to 111.89 days, which was the highest in the last eight quarters. This suggests a potential buildup of inventory or slower sales turnover during that period.
Moreover, Q2 2023 and Q1 2023 also had elevated DOH figures of 115.71 days and 123.87 days, respectively. These numbers indicate a less efficient management of inventory in those quarters, possibly resulting in higher holding costs and risks of obsolescence.
Comparing the most recent data to the same quarter in the previous year, Q4 2022 had a DOH of 125.91 days, signifying an improvement in inventory turnover for Q4 2023.
Overall, Calix Inc should continue monitoring its inventory management practices to enhance efficiency and maintain optimal inventory levels to support its operations and financial performance.
Peer comparison
Dec 31, 2023