Calix Inc (CALX)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.68 | 4.33 | 4.13 | 4.19 | 3.91 | 3.26 | 3.15 | 2.95 | 2.90 | 2.82 | 3.69 | 3.24 | 3.63 | 4.24 | 4.02 | 4.07 | 5.25 | 6.22 | 6.78 | 7.91 | |
| DOH | days | 99.21 | 84.25 | 88.45 | 87.04 | 93.25 | 111.89 | 115.71 | 123.87 | 125.91 | 129.43 | 98.88 | 112.69 | 100.50 | 86.10 | 90.70 | 89.65 | 69.57 | 58.72 | 53.86 | 46.16 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.68
= 99.21
The Days of Inventory on Hand (DOH) ratio for Calix Inc has experienced fluctuations over the analyzed period from March 31, 2020, to December 31, 2024. The DOH metric reflects the number of days it takes for a company to convert its inventory into sales, indicating the efficiency of inventory management.
From March 2020 to June 2022, the DOH increased steadily, from 46.16 days to a peak of 129.43 days in September 2022. This suggests a possible inefficiency in managing inventory levels, leading to higher holding costs and potentially obsolete inventory.
Subsequently, there was a downward trend in the DOH ratio, reaching 84.25 days by September 30, 2024, indicating a possible improvement in inventory management efficiency. This reduction in DOH could result from better demand forecasting, streamlined inventory processes, or effective inventory turnover strategies.
However, the DOH ratio increased slightly to 99.21 days by December 31, 2024, which could signal challenges in managing inventory levels effectively. It would be crucial for Calix Inc to monitor and optimize its inventory management practices to ensure a balance between maintaining sufficient inventory levels to meet demand and avoiding excess holding costs.
Overall, the analysis of the DOH ratio for Calix Inc indicates fluctuations in inventory management efficiency over the period, highlighting the importance of continuous evaluation and improvement in managing inventory levels to support operational effectiveness and profitability.
Peer comparison
Dec 31, 2024